Bayern Munich announce record profit for 2012-13

Bayern Munich announce a record turnover of €432.8m (£363.26) for the 2012-13 financial year.

Bayern Munich have announced that they registered a record turnover of €432.8m (£363.26) for the 2012-13 fiscal year.

Post-tax profits were at €14m (£11.75), while gross profit increased by €12.7m (£10.66) from the previous year; turnover also increased by €59.4m (£49.86) from 2011-12.

"FC Bayern Munchen can again declare new record turnover," finance director Jan-Christian Dreesen said during Wednesday evening's Annual General Meeting at the AUDI Dome.

"Despite a season without silverware in 2011-12, the club posted then-record turnover of €373.4m (£313.40), but the equivalent figure for 2012-13 represents a significant improvement. Both the FC Bayern group and the professional football operation, the joint stock company FC Bayern Munchen AG, reported record results.

"In the last financial year, our company achieved record turnover of €432.8m (£363.26). Complementing our sporting success, we can also be very proud of our commercial performance."

The defending German and European champions earned €150m (£125.90) from ticket sales at the Allianz Arena, €102.4m (£85.95) from sponsorship and marketing deals, and €82.8m (£69.50) from merchandising.

Bayern Munich's Brazilain defender Breno sits on the bench during the German first division Bundesliga football match FC Bayern Munich vs VfL Wolfsburg in the southern German city of Munich on January 28, 2012
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