While every other club in the premier league is rumoured to be taken over these days (or has already been taken over) , while real madrid screwed up the basic economics of trading and recruiting players, while the italian league is running to an empty house, the efficient German machine has been chugging along in it's typical no nonsense quite style.Last year the German FA boasted of the highest profit percentages and the maximum stadium attendance for the Bundesliga.
This week Bayren Munich announced their annual accounts for 2008 and have posted a 17th year of profits.A further testimony to the fact that the German FA is one the most forward thinking and pro-fan football association ever.
Some more facts that shows how Bayren Munich and the German FA are miles above any competition
http://www.leadersinfootball.com/column/61/
- Football is clearly recognised, in law and in action, as a national legacy; to be nourished and cherished as a loved child of the folk-family. Its cultural value is set too high to allow the outright predations of international capital to buy and sell 'ownership' of social institutions as precious as football clubs, as if they were trading baked bean factories.
This doesn't prevent significant investment in the clubs by commercial companies - but they can never own it. The Bayern Munich 'members' association is over 150,000 strong and, collectively, they own just over 80% of their club, with adidas and new investor, Audi, holding just under 10% each. Bayern were the fourth richest club in the world in 2008, generating revenues of $295m. The members group (FC Bayern München e.V.) even delivered a profit itself - nearly $1m - independently of their Club. What a thrill it must be for those member/fans to take their seats in the magnificent Allianz stadium and watch their team run out, thinking, 'this belongs to all of us..... forever'.
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