Million losses! 1. FC Cologne announces red numbers

Football Bundesliga 1. FC Cologne has written a loss of 3.9 million euros in the 2020/21 financial year. However, the financing of the current season was secured, the Rhineland announced on Saturday at the General Assembly. The previous year s loss had 23.8 million euros.

The effects of the Corona pandemic have cost the 1st FC Cologne in the 2020/2021 season a lot of substance, said Final Managing Director Alexander Were. The pandemie-based loss of revenue in the past season, as almost exclusively ghost games took place, according to official information on 53 million euros.

Were: This enormous financial burden could be mitigated in addition to appropriate cost savings and the reconciled countermeasures such as the salary balance of players and those responsible only by special yields in the form of the forfeiting of sponsoring loosen or in-group restructuring.

Were thanked the permanent card coaches and sponsors who had helped with renewed waivers to improve the earnings improvement. The Countries of Cologne and the Cologne millionscaster GmbH at the stadium spoke was also highlighted in this context. Thus, the Geißbockklub also had a very stable equity of around 17 million euros as of June 30, 2021.

The first Bundesliga master presented with €140.6 million compared to the previous year (122.5 million) improved earnings development.