Hamburg (dpa) – Second division football club FC St. Pauli has shown a deficit of 557,000 in its annual report for the 2019/20 season. Club boss Oke Göttlich announced this group loss at the online general meeting in Hamburg.
“Like many other companies, FC St. Pauli has been severely affected by the corona pandemic,” said Göttlich of the shortage.
After eight years of profit on the economic balance, the club was in the red again. In 2018/19 there was a group profit of 1.56 million euros. Mainly due to the consequences of the pandemic – the empty rows alone bring the club a minus of 700,000 to 750,000 euros per home game – the income is significantly lower than planned. In the current financial year, the club is expecting an even greater minus of five to six million euros. After all: the group’s shareholders’ equity amounted to 13.5 million euros on 30 June.
After the corona-related cancellation of the general meeting, which was actually scheduled for November 15, FC St. Pauli had to allow a meeting this year by statute. “We are aware that many members do not want an online event. But it is the only alternative to comply with our legal obligations,” said the club.
To fulfill the members’ wish for a face-to-face event with the possibility of face-to-face exchange, this mandatory meeting will be complemented by an extraordinary general meeting on May 2, 2021 at the Millerntor Stadium.