Feyenoord announce profits
Posted by admin on October 3rd, 2017 07:40 PM | Eredivisie, News
Feyenoord have released their 2016/17 financial figures on Tuesday with the club making a €6.2 million net profit and achieving a record turnover of €68.7 million.
- By Michael Bell
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Last season, Feyenoord announced a turnover of €60.6 million, but they have since had an excellent year financially and have added an extra €8.1 million, making it their highest turnover ever in the club’s history.
The reason is mostly due to transfer revenue, but also the club’s involvement in the Europa League where they faced clubs such as Manchester United and Fenerbahce. Income from partnerships and merchandising also increased.
Next year is expected to be even better for Feyenoord due to their participation in the Champions League.
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Great for Feyenoord. Now let’s see how other clubs beat.