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GENERAL NEWS
11/30/2012
Business report: TSG 1899 Hoffenheim register first profits
TSG 1899 Hoffenheim Football Club GmbH have announced a profit of €1.73m for the 2011/12 financial year. It is the first time that the company, formed in 2005 from the original club TSG 1899 Hoffenheim e.V, has seen a positive trading result
At the same time, TSG's turnover increased by 18% to €83.9m, above all thanks to an exceptional amount of transfer revenue. Furthermore, the company boasts a very solid financial structure, with an equity ratio of 89.5%.
With this, the Bundesliga side was able to meet the criteria of UEFA Financial Fair Play regulations to their full extent for their first relevant timeframe of 2011/2012.
Executive director Frank Briel was happy with the achieved targets: “The club is healthy; we have a solid financial construction. We will continue to put balancing economic and footballing demands at the forefront of our endeavours – not least in order to meet the requirements of UEFA's Financial Fair Play regulations.”
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