US News Not only athletic in the crisis: Mainz records high losses

10:40  26 october  2020
10:40  26 october  2020 Source:   sport1.de

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The corona pandemic hits 1. FSV Mainz 05 financially hard. The lower income could be offset by player sales.

Nicht nur sportlich in der Krise: Mainz verzeichnet hohe Einbußen © Provided by sport1.de Not only athletic in the crisis: Mainz records high losses

FSV Mainz 05 expects a high financial loss in the current season due to the pandemic.

"For 2020/21 we are expecting a loss of revenue of around 15 million euros in our budget compared to a season without Corona," said CFO Jan Lehmann of the kicker .

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This also includes the decline in media revenues forecast by the German Football League (DFL), "which amounts to around six million euros for us," added the 50-year-old.

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But Lehmann sees Mainz prepared for it. Short-term fluctuations in liquidity are balanced out by extensive credit lines, but the long-term strategy is to fill the gap "as far as possible through cost savings and additional revenues". This also included player sales.

Few spectators cost the club a lot of money

The 05er had reported a record turnover of 145.4 million euros in 2018/19, which was, however, heavily influenced by transfer revenues. For 2019/20, around 120 million euros were announced, due to Corona it was ultimately, according to Lehmann, "around four million less.

Before the pandemic, we had planned a positive annual profit of around one million, now we will report a slightly negative result." But this is also due to a provision for additional coach salaries. Test

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Lehmann put the decline in sales per ghost game in Mainz at "almost one million euros". Due to the few fans approved, like the last one against Gladbach (100) or Leverkusen (250), "we pay a five-digit euro amount per game," he said.

It starts to count for the club when the occupancy rate is "between 10 and 20 percent".

Mainz 05 loses millions for the first time since 2010 due to Corona .
At a virtual information event for members on Tuesday evening, Mainz 05 presented the financial results for the 2019/20 season. With a loss after taxes of 2.2 million, the club is making a seven-figure loss for the first time in ten years due to the pandemic, which will even multiply this season. © imago images Had a bad year economically with the FSV: Detlev Höhne.

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