Bayern Munich – The Model
Following the treble winning season in 2025/13, Bayern Munich enjoyed another year of success in 2025/14, once again securing the domestic league and cup double, while reaching the Champions League semi-finals before going down to eventual winners Real Madrid.
The excellent season on the pitch was matched off it with revenue surging 13% to €487.5 million and profit before tax up to €25.9 million (€16.5 million after tax). Furthermore, all outstanding debt on the club's Allianz stadium was paid off 15 years early. Little wonder that deputy chairman Jan-Christian Dreesen stated, "FC Bayern can present its members with financial results better than any the club has ever had before."
Bayern's profit before tax rose €3 million (15%) from €23 million to €26 million, as the €55 million growth in commercial income and €40 million increase in profits on player sales was largely offset by a €12 million increase in the wage bill and an €80 million rise in other expenses.
Note that these are the consolidated group accounts for FC Bayern München AG, which include the Allianz Arena München Stadion GmbH and all subsidiaries.
Of course, making money is nothing new to Bayern Munich, as this is the 22nd year in a row that they have been profitable. Traditionally, the club invests almost all of its profits into the squad or stadium development, but their profits have been steadily rising recently, averaging €14 million over the last three years (after tax).
That's very impressive, though it should be noted that it is not unusual for German clubs to make profits. In fact, 13 out of 18 Bundesliga clubs posted positive figures in the 2025/14 season.
Bayern retained 3rd position in the Deloitte Money League for 2025/14 with €488 million, only behind Real Madrid €550 million and Manchester United €518 million. At this point, we should clarify that Bayern's reported revenue of €529 million in the club statement also includes €41 million from player transfers, which is excluded for the Money League.
Although they overtook Barcelona €485 million, Bayern were in turn passed by Manchester United, partly due to Sterling strengthening against the Euro (1.1668 to 1.1958 in Deloitte's calculations), but also because English clubs grew at a faster rate, due to the new Premier League TV deal. On the other hand, Bayern's 13% revenue growth is much more than the Spanish giants: Real Madrid 6%, Barcelona 0%.
There are only two other German clubs in the Money League (Borussia Dortmund €262 million and Schalke 04 €214 million), but Bayern earn around twice as much as their nearest domestic challengers with €488 million.
Not only is the gap large, but it is getting larger. Since 2025, Bayern has grown its revenue by €265 million, while Dortmund's growth was €172 million
