Feyenoord have announced their annual results of the 2013/14 season on its website and for the first time in ten years they have posted profits.
- By Michael Bell
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Only four years ago Feyenoord announced that they owed a crippling €35 million, but today they announced that their debt has now been wiped clear, and they posted a €3 million profit. The turnaround is two years earlier than the club had first predicted.
CEO Eric Gudde gave his reasons behind the recovery, “The capital injection from the Friends of Feyenoord, the sharp reverse to positive operating results and transfers have all three, also in conjunction with each other, led to this result. This is something to be proud of.”
Last summer Feyenoord made more than €30 million from the combined sale of Daryl Janmaat, Stefan de Vrij, Graziano Pelle, and Bruno Martins Indi, but only spent €9 million on bringing in their replacements.
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