FC Schalke 04 recorded set shortfall
Football second division Schalke 04 records a shortfall of 21 million euros for the first half of 2021. That said the royal blue one day after the trophy from the third division 1860 Munich.
For the entire year, the traditional association expects a shortfall in the low double-digit million euro area.
The situation where Schalke 04 is still challenging. I personally am confident in our goal to put the club on an economically stable foundation, said Finanz-Income Christina Rühl-Hamers.
Sales in the first half of the year under the framework conditions of Corona Pandemistry amounted to 106.7 million euros. As expected, the first half of 2021 is massive and entirely due to the pandemic and which has been influenced by the cadre environmental measures required due to the descent from the first Bundesliga, said Rühl-Hamers. Through comprehensive cost reduction measures, you have mitigated the effects on the result.
The shortfall also results in the fact that the profit from the sale of the Edivision Schalke launcher in the League of Legends European Championship (LEC) will be recorded only in the second half of the financial year. Schalke had sold the license for 26.5 million euros.