Report: German Football Federation made €4.2 million loss in 2022
2023/12/08
A microphone with the German Football Federation logo lies on a chair during a press conference. The German Football Federation e.V. made a loss of €4.2 million ($4.5 million) in 2022, business newspaper Handelsblatt reported on 08 December.
Sebastian Gollnow/dpa
The German Football Federation e.V. made a loss of €4.2 million ($4.5 million) in 2022, business newspaper Handelsblatt reported on Friday.
Without special items, the loss would have been as high as €17.5 million, the report added.
It is "still an acceptable financial result overall, considering that the national team was eliminated in the group stage of the World Cup in Qatar and we are now dealing with a structural deficit," finance director Stephan Grunwald was quoted as saying.
If next year's European Championship also proves to be a disappointment for the German men's team in front of a home crowd, "we will have a more serious problem," added Grunwald.
© Deutsche Presse-Agentur GmbH
The German Football Federation e.V. made a loss of €4.2 million ($4.5 million) in 2022, business newspaper Handelsblatt reported on Friday.
Without special items, the loss would have been as high as €17.5 million, the report added.
It is "still an acceptable financial result overall, considering that the national team was eliminated in the group stage of the World Cup in Qatar and we are now dealing with a structural deficit," finance director Stephan Grunwald was quoted as saying.
If next year's European Championship also proves to be a disappointment for the German men's team in front of a home crowd, "we will have a more serious problem," added Grunwald.
© Deutsche Presse-Agentur GmbH
2023/12/06
Austrian real estate entrepreneur Rene Benko arrives to attend the Rheinische Post's Standehaus meeting. The fallout from the bankruptcy of Austrian real estate and retail mogul Rene Benko's Signa Group continued on Wednesday, as further German subsidiaries filed for insolvency
Marcel Kusch/dpa
The fallout from the bankruptcy of Austrian real estate and retail mogul René Benko's Signa Group continued on Wednesday, as further German subsidiaries filed for insolvency
The Frankfurt-based Signa Financial Services and the Munich-based Signa REM Germany Rent both sought bankruptcy protection in Berlin, according to court filings. Berlin lawyer Torsten Martini was appointed as provisional bankruptcy administrator in both cases.
The parent company, Benko's Signa Holding, had previously applied for restructuring proceedings with a court in Vienna.
The real estate and retail group consists of a complex network of companies with several hundred individual companies.
Other Signa Holdings companies - including German department store chain Galeria Karstadt Kaufhof and sporting goods retailer SportScheck - also applied for bankruptcy. Both those retail chains are seeking potential buyers, according to the companies.
© Deutsche Presse-Agentur GmbH
The fallout from the bankruptcy of Austrian real estate and retail mogul René Benko's Signa Group continued on Wednesday, as further German subsidiaries filed for insolvency
The Frankfurt-based Signa Financial Services and the Munich-based Signa REM Germany Rent both sought bankruptcy protection in Berlin, according to court filings. Berlin lawyer Torsten Martini was appointed as provisional bankruptcy administrator in both cases.
The parent company, Benko's Signa Holding, had previously applied for restructuring proceedings with a court in Vienna.
The real estate and retail group consists of a complex network of companies with several hundred individual companies.
Other Signa Holdings companies - including German department store chain Galeria Karstadt Kaufhof and sporting goods retailer SportScheck - also applied for bankruptcy. Both those retail chains are seeking potential buyers, according to the companies.
© Deutsche Presse-Agentur GmbH
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