Holstein Kiel Reports Record Revenue but Faces €4 Million Loss in Debut Bundesliga Season
The newly promoted club cites investments and player expenses as key factors while aiming to stabilize finances in the ongoing season.
- Holstein Kiel achieved a record revenue of €36.54 million in its first-ever Bundesliga season, an increase of nearly €5 million from the previous year.
- Despite the revenue surge, the club reported a financial loss of approximately €4 million, attributed to player transfer fees, bonuses, and investments in their youth academy.
- Club officials expressed confidence that the financial deficit will be offset during the current Bundesliga season through increased revenue streams.
- After 12 matches, Holstein Kiel is struggling on the field, sitting in the second-to-last position in the Bundesliga standings.
- Club President Steffen Schneekloth urged fans and members to remain supportive, emphasizing the importance of staying committed to the club's long-term strategy.