Bilal Başaçıkoğlu has agreed to join Kayserispor with immediate effect. Feyenoord had already reached agreement with th...
Feyenoord ended the 2016-2017 financial year with a net profit of 6.2 million euros, according to the club’s latest financial report, published today. It also shows that the club generated record sales over the same period of 68.7 million euros.
The 2016-2017 annual report of Feyenoord Rotterdam N.V. (in Dutch) can be downloaded here. (LINK NAAR PDF)
The profit from operations and transfers helped Feyenoord to increase equity again, continuing the positive results posted over the past five seasons. Equity increased from 19.8 million euros at the beginning of the financial year to 24 million euros at 30 June 2017.
At 68.7 million euros, sales throughout last season were the highest in the club’s history. The rise in sales, which were 60.6 million euros the previous season, was primarily due to the club’s participation in the UEFA Europa League and the associated match revenue. Revenue from partnerships and merchandising also increased last season.
Title and Champions League
Winning the title last season not only brought a lot of joy, it also had an impact on operating results. This was due to title bonuses paid out particularly to sporting staff and players, as well as other staff. Another consequence of the title win, a place in the Champions League, means that Feyenoord expects to post a profit for the current season too.
Based on the interim and projected figures for 2017-2018 and the budget filed on 15 June 2017 Feyenoord has been placed in category III of the KNVB licensing system, with 234 points from a total available 240 points.