Admin I Friday, Dec. 08, 2023
BERLIN – The German Football Federation e.V. made a loss of €4.2 million ($4.5 million) in 2022, partly due to the men’s national team’s woes at the Qatar World Cup, it said in a statement on Friday.
Without special items, the loss would have been as high as €17.5 million, a report in the newspaper Handeslblatt added.
It is “still an acceptable financial result overall, considering that the national team was eliminated in the group stage of the World Cup in Qatar and we are now dealing with a structural deficit,” finance director Stephan Grunwald was quoted as saying.
If next year’s European Championship also proves to be a disappointment for the German men’s team in front of a home crowd, “we will have a more serious problem,” added Grunwald.