Holstein Kiel: Record sales, but 4 million euros loss!

Holstein Kiel: Record sales, but 4 million euros loss!

Despite an impressive record sales of 36.54 million euros, the Bundesliga promoted Holstein Kiel had to accept a shocking minus of around four million euros in his first season! At the general meeting on Monday evening, the commercial manager Wolfgang Schwenke said that high premium payments, transfer sums and massive investments in the club's youth performance center led to this loss.

"It was a financial year that the club has not yet experienced," emphasized Schwenke. Sales could be increased by almost five million euros, but the costs of the success cannot be overlooked. "We assume that the resulting overall negative result will be able to compensate for in the Bundesliga thanks to the increased sales in the current season," he added optimistically.

sporting challenges and appeal to fans

The Situation on the field is anything but rosy: after twelve match days, Holstein Kiel is in the penultimate place in the table! President Steffen Schneekloth made an urgent appeal to the fans and members: "Even if the sporting situation is currently not easy, we should stay with ourselves and our path," he said. "We still have to try to be successful with our means." The future of the association now depends on the ability to create the turn in both the square and financially!