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US News As of 2009/10: Union has been making losses again for a decade

22:30  27 january  2021
22:30  27 january  2021 Source:   90min.de

1. FC Union after a difficult week: Against Mönchengladbach things should go again.

 1. FC Union after a difficult week: Against Mönchengladbach things should go again. Union will meet Gladbach on Saturday. A returnee against Marco Rose's team could help ensure that the difficult week ends well. © Photo: imago images / Matthias Koch In November, Joel Pohjanpalo injured his ankle. Against Gladbach on Saturday (3:30 p.m.) it could now be enough for the Finnish striker again for a short assignment, according to coach Urs Fischer. At first glance, it might look like the 1. FC Union has had a pretty bad week.

The coronavirus pandemic has major financial consequences for Bundesliga soccer team Union Berlin. For the first time in more than a decade, the Eiserne ended the financial year with a negative result.

Union Berlin machte erstmals seit einem Jahrzehnt wieder Verluste. © picture-alliance Union Berlin made losses for the first time in a decade.

Despite the highest budget to date due to the promotion to the Bundesliga, a loss of 7.44 million euros was posted in 2019/20. Income of 70.39 million euros was offset by expenses of 77.84 million euros.

Managing Director Oskar Kosche announced these figures at the general meeting held digitally on Wednesday. President Dirk Zingler was absent for "urgent personal reasons," as Union announced.

Julian Ryerson renews at Union Berlin

 Julian Ryerson renews at Union Berlin 1. FC Union Berlin has extended the contract with defender Julian Ryerson. The Bundesliga club from Köpenick did not provide any information in its announcement on Wednesday about the duration of the new working paper for the 23-year-old Norwegian national player. Ryerson has played for the Iron since summer 2018 and made it to the House of Lords with the club. © Andreas Gora / dpa Pool / dpa Berlin's Julian Ryerson (l) fights for the ball against Denis Zakaria from Mönchengladbach.

players and employees waived their 1.25 million euro salary.

A higher deficit in the balance sheet was prevented by various savings. Players and employees waived a salary of 1.25 million euros. Fans were not reimbursed for entry fees of 621,000 euros. More than ten million euros have been saved through modified deals with sponsors, banks and other partners. The club from Köpenick last had a negative result in the 2007/08 season. At that time Union had played in the then third-rate Regionalliga Nord.

"From a balance sheet point of view, the work of ten years was destroyed within three and a half months," said Kosche, but assured him: "We are able to service the liabilities due on time."

"" In terms of the balance sheet, the work of ten years was destroyed within three and a half months. "- Managing Director Oskar Kosche

ghost games" cost "over seven million euros in income.

loss items were a loss of 7.09 million euros from ghost games in the Bundesliga EUR and lower TV revenues of EUR 2.68 million. The negative equity increased in the 2019/20 season compared to the 2018/19 season from EUR 8.99 to EUR 17.03 million. In principle, the Union Group is back at the level of the second division year 2009/10, when the negative equity was 16.10 million euros.

DRC: Tshisekedi on his way to "Sacred Union" around his person .
© Luis TATO Félix Tshisekedi during a campaign meeting in Kinshasa, December 21, 2018. The President of the Democratic Republic of Congo, Félix Tshisekedi, is on the way to becoming the only strong man at the head of the largest country in sub-Saharan Africa, by isolating his predecessor Joseph Kabila who loses the majority in the Assembly.

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