The colon is in purple: “Financial restructuring case”.

Sport often units the environment in a soccer membership and since 1. FC Köln has been doing very effectively there for a couple of months, the night common assembly was additionally peaceable. However, the membership wrote an enormous minus.

Creating hope for the longer term: Philip Turoff.
IMAGO/Herbert Bucco

With solely 913 of the almost 120,000 members discovering their approach into the Lanxes Arena, they skilled a largely harmonious night, albeit adorned in deep purple numbers. Philip Turoff, who has been CFO since January, needed to current this and he did it effectively, with a great mixture of warning, confidence, realism and hope.

With a turnover of 148.4 million euros, FCA made a lack of 15.7 million euros after tax. Bundesliga golf equipment now have round 66 million euros in liabilities, with fairness falling from 16.9 million euros to three.2 million euros. According to Turoff, this is “the steadiness sheet, which is closely affected by the epidemic”, since this was the second yr in a row below these situations, and no prospect of enchancment could be anticipated.

He described the FC as a “monetary restructuring case” and warned that one other yr with situations just like the time of Corona might solely be managed with nice effort. He additionally identified that round eleven million euros of Cologne sponsors’ cash was raised early with the intention of “stabilizing the picture”. However, this earnings is lacking in the subsequent steadiness sheet – it has already been spent.

Turoff additionally gave hope

But Turoff additionally provided hope: “If we proceed on the strategic path we have now taken, important sporting developments will help put FC on a secure footing even quicker,” he defined, and at last pointed to constructive developments: “Important in this very difficult monetary state of affairs, we had three targets that we have been capable of obtain. 1. FC Colón’s liquidity was safe always throughout the yr. We obtained the license with out situations for the present season and we are going to shut. The monetary yr if very low however constructive fairness. collectively.”

For years to return, decreased legal responsibility is the be-all and end-all of politics, and the contingent of licensed gamers has seen development accordingly. High permeability from the junior space, first-class coaching, no charges for brand new buys, however elevating the market worth of the gamers who’re there and promoting accordingly if needed.

Salih Ozkan and Anthony Modeste achieved the feat earlier this season. FC earned virtually ten million euros for the 2 new arrivals in Dortmund, and so they spared the wage of the highest scorer. Because the crew completed seventh, the membership obtained a great single-digit million sum from the TV pot, lastly, the cash to qualify for the Conference League provides up, ideally ten million euros.

In this regard, in Cologne it is fascinating for individuals who provoke every kind of restrictions with their habits. From fines to bans on away assist, to position bans, it is all there. The latter will probably be badly broken.

Board re-elected: “I’m overwhelmed”

In addition, late in the night the Executive Board crew proposed by the Council of Members, consisting of President Werner Wolff and two Vice-Presidents Eckhard Søren and Carsten Wettich, was re-elected with a transparent majority of 91.82 p.c. There have been no opposing candidates. “I’m overwhelmed. Thank you on your belief! We need to pay it again over the subsequent few years,” Wolf stated.

Leave a Comment