Soccer-Only Bayern profitable among European champion clubs in 2020-21

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Reuters UK

(Reuters) – Bayern Munich were the only title winners in Europe’s eight major soccer leagues to turn a profit in the coronavirus-disrupted 2020-21 season, a study from auditing firm KPMG showed on Wednesday. The Bundesliga champions just scraped into the black with an after tax profit of 1.8 million euros ($2.0 million), also recording the lowest ratio of staff costs to operating revenue at 58%. “While the reopening of stadia and some major commercial deals signed recently may provide some optimism … the pandemic only magnified the financial sustainability issues and fragility of the footbal…

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