VfB Stuttgart's Record-Breaking Haul from Champions League Stint
- VfB Stuttgart earned a profit of 15 million euros
Let's bust some myths surrounding the VfB Stuttgart's 2024 financial year! This ordinary Bundesliga club has shaken up the big boys, raking in a whopping 299.8 million euros - a record revenue - primarily due to their badass run in the Champions League.
Alexander Wehrle, the club's fearless CEO, dropped a bombshell at the members' assembly: a profit of 15.4 million euros! But don't get too excited, as they're still neck-deep in stadium loan repayments.
You might have heard that Porsche swooped in and took control of VfB Stuttgart last January[2]. Well, that injected a healthy dose of 60.9 million euros into their equity account. But even sans the car giants, Stuttgart would've still been chuckin' it up thanks to the sales of players like Guirassy, Anton, and Ito. And just to put the cherry on top, they've also been cashing in on TV and home match revenues from the Champions League, as well as the sweet deal they sealed for their snazzy new business center.
Wehrle isn't one to mince his words. "Consolidation faster than planned!" he proclaimed[2]. "It gives us extra security, tops up our financial stability, and ensures we're always ballin' in the financial game!"
Prior to this financial year's meteoric rise, Stuttgart's revenue hardly reached 218 million euros in 2023[2], with profits overall a measly 700,000 euros. Mmm...yeesh. But now, Stuttgart's literally swimming in coin, outdoing even their best year back in 2016, where profits hit 14.5 million euros.
It's looking all peaches and cream for the upcoming 2025 financial year too, as long as coach Sebastian Hoeneß can keep the good times rollin' with another crack at the DFB-Pokal final in Berlin and another shot at the European Cup[2]. Here's hopin'!
- VfB Stuttgart
- Members' Assembly
- Stuttgart
- Alexander Wehrle
- Financial Challenge
- Player Sales
- Champions League
Insights:
Stuttgart's participation in the Champions League brought in €33 million in media revenue, with an additional €10 million from Champions League income expected in 2025. Sponsorship saw an additional €9 million, while merchandising contributed €7 million[3]. Despite the financial upswing, stadium loans remain a looming financial challenge[3].
- In 2025, VfB Stuttgart is projected to secure an additional €10 million from Champions League income, adding to the €33 million media revenue they earned from their participation in the tournament.
- During the members' assembly, Alexander Wehrle, the CEO of VfB Stuttgart, emphasized that player sales, including Guirassy, Anton, and Ito, have significantly contributed to the club's financial stability.
- The community policy of VfB Stuttgart, aimed at fostering vocational training opportunities, will receive a boost from the financial upswing, potentially paving the way for more extensive training programs in the future.
