Table of Contents
- 1 Millions of filling jugs brought a lot of money into the coffers
- 2 Werder’s expenses have increased
- 3 As financial conditions continue to evolve in German football, how do you foresee the impact of broadcasting rights and sponsorship deals on clubs like Werder Bremen? How crucial are these revenue streams for the club’s financial stability?
Status date: November 18, 2024. Authors: Julian Meiser
Klaus Filbry, CEO of SV Werder Bremen, presented the annual balance sheet for 2023/2024. Image: Gumzmedia | Andreas Gumz
The club earned more money than last year. Werder announced this at the general meeting. But the plus should not hide the existing debts.
Werder Bremen can look back on an economically positive 2023/2024 financial year. The profit that the group was able to achieve is 2.2 million euros.
Overall, revenue for 2023/2024 was 149.9 million euros, which is an increase of 29.8 million euros compared to the previous year. Last year, Werder had to report a loss of 3.8 million euros and negative equity at the general meeting.
Millions of filling jugs brought a lot of money into the coffers
Thanks to the investor entry, SV Werder Bremen GmbH & Co. KG aA, which is behind the club’s professional business, has equity capital of 22.3 million euros. The last time there was positive equity was in June 2019.
I am very happy with this development. We were able to achieve a positive result for the second time in the last three years and have managed to stabilize ourselves economically again after the crisis years caused by Corona and relegation. This is a very big success for us, which we all achieved together as a team.
Klaus Filbry, Werder’s CEO
The sale of national player Niclas Füllkrug is particularly noticeable in the 2023/2024 figures. The striker’s transfer to BVB in the summer of 2023 brought in 18 million euros, as Filbry explained. He added: “The transfers of Ilia Gruev and Niklas Schmidt also contributed to the significant increase.”
Werder also achieved positive results in terms of trading (increase from 9 million euros to 12.9 million euros) and media exploitation rights (increase from 38.2 million euros to 42.8 million euros).
Werder’s expenses have increased
On the expenditure side there was an increase of 21.7 million euros. The biggest cost increase was in personnel expenses, which were 14.5 million euros higher than in 2022/2023. Leading players like Romano Schmid and Mitchell Weiser could only be kept on the Weser with higher salaries.
The commitment of the regional alliance was a very important and decisive step for us. The economic resources now available made it possible for us to, among other things, extend the contracts of service providers. It also gave us the opportunity to forego larger transfer proceeds in the summer, keep the team together and strengthen it at certain points.
Klaus Filbry, Werder’s CEO
Although SV Werder reported a profit and equity of 22.3 million euros, the club is still in debt. Current bank loans, liabilities and the fan bond still exist and must be paid off accordingly.
More about SV Werder Bremen:
Those: buten un inside.
This topic in the program:
Sportblitz, November 19, 2024, 6:06 p.m
As financial conditions continue to evolve in German football, how do you foresee the impact of broadcasting rights and sponsorship deals on clubs like Werder Bremen? How crucial are these revenue streams for the club’s financial stability?
As the professional website editor for world-today-news.com, I would like to conduct an interview with two guests, Mr. Klaus Filbry, the CEO of SV Werder Bremen, and a financial expert on German football. The following questions are designed to explore the economic progress and challenges faced by Werder Bremen in the 2023/2024 financial year based on the provided article:
Guest 1: Klaus Filbry, CEO of SV Werder Bremen
1. Firstly, Mr. Filbry, can you tell us about the improvements made in SV Werder Bremen’s financial situation this year compared to the previous one? What were the main factors contributing to this positive shift?
2. How has the sale of Niclas Füllkrug to BVB impacted the club’s finances? Which other transfers have also contributed to the increase in revenue?
3. Given that personnel expenses have increased significantly, can you explain how Werder Bremen managed to maintain its team cohesion and strengthen it at certain points despite facing financial constraints?
4. The club still has outstanding debts despite reporting a profit and equity. What are your plans to address these debts in the coming years?
5. As Werder Bremen’s CEO, what role do you see for the club in the German football landscape, especially considering the current financial challenges in the industry?
Guest 2: Financial Expert on German Football
6. As a financial expert on German football, can you provide insights into the overall trends in the industry and how Werder Bremen’s situation compares to other clubs? Are there any potential risks or challenges that the club may face in the future due to its ongoing debts?
7. What measures can SV Werder Bremen take to ensure financial sustainability in the long run? Are there any areas where the club could potentially cut costs or generate more revenue?
8. How important is fan support and investment in the successful management of a football club? In what ways has the involvement of regional alliances benefited Werder Bremen?
9. The article mentions that Werder Bremen intends to extend contracts and invest in its players. Is this considered a risky strategy given the ongoing
