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Bernstein: We have to reassess financially

It is a difficult situation, stated Taking care of Director Thomas E. Herrick at the general meeting on Sunday in Hall 22 of the Berlin Mass. Extensive consolidation is required, this is just feasible together with the management as well as the presidium as well as a clear program in the coming years. Without concern: there have to be a different cost recognition.

The equity reduced a substantial of EUR 107.5 million a year ago to 29.5 million euros on the date of June 30, 2022. The obligations amounted to EUR 80.8 million (previous year 99.6 million). At 97.7 million euros, the personnel prices were as high as ever (previous year 92.9 million).

2 days before the house game against 1. FC Cologne (2-0), Fred BBC, the handling supervisor of Sport, had actually already explained: We hang financially brutally. Head Of State Kay Bernstein had actually currently routed and attract the participants after the service figures ended up being well-known and evaluated the circumstance unabashedly: The new presidium has had among the most uphill struggles in the history of our typical association through this elevation. No sprint. Allow us deal with together for the future as well as adapt our assumptions to reality.

Bertha had actually currently achieved significant losses in previous years. In the 2019/2020 period, the Berliners recorded a balance of 53.5 million, and also a minus of 77.9 million euro organization in the 2020/21 season. In November 2023, the 40 million-euro bond, which was taken at 6.5 percent at the end of 2018, with the assistance of which the investor KKR back then was set off.

Bernstein said to the even more than 1,500 members present on Sunday: We need to consolidate and reassess financially. The chairman of the supervisory board, Klaus Brüggemann Waist for the initial time with clear words, on harmful economic advancement as well as explained: In the following couple of weeks and also months we have outrageous economic challenges that we have to do.

The equity shrank a significance of EUR 107.5 million a year ago to 29.5 million euros on the day of June 30, 2022. The liabilities amounted to EUR 80.8 million (previous year 99.6 million). At 97.7 million euros, the personnel prices were as high as ever before (previous year 92.9 million).

Step

In the 2019/2020 season, the Berliners tape-recorded an equilibrium of 53.5 million, as well as a minus of 77.9 million euro league in the 2020/21 season.