FC Schalke 04: a turnover of €174.7m (-36%) and net loss of €52.6m in 2020

FC Schalke 04 (Bundesliga) posted a turnover of €174.7m for the 2020 financial year (01/01 to 31/12/2020), down 36% compared to 2019 (€275m), according to the German club's Annual Report published on 06/04/2021 (document available to download).

"The significant decline in revenues compared to the 2019 fiscal year are mainly due to match operations, with games having taken place without spectators in attendance since the start of the pandemic (2020: €9.2m; 2019: €35.6m), as well as lower revenues from media marketing rights (2020: €80.6m; 2019: €108.8m). The main reasons for this are the lack of UEFA TV marketing revenues, as FC Schalke 04 did not compete in any international competitions in the last fiscal year, coupled with a lower position in the Bundesliga's media income distribution table. Sponsorship revenues also fell sharply to €49.7m (2019: €73.3m) as a result of advertising services not being provided due to matches being played behind closed doors, as well as missing out on international competitions," said FC Schalke 04.

The Gelsenkichen (North Rhine-Westphalia, GER…