Wiener Austria: Financial crisis remains, but hope for turning!

Wiener Austria: Financial crisis remains, but hope for turning!

The Wiener Austria shows the first bright spots in the 2023/24 season, despite the ongoing financial difficulties. A few days ago, the Bundesliga club announced that he wrote black figures last season. The responsible persons said that a realignment of the financing structure and the elimination of a loan for the Generali Arena led to a positive annual financial statements of 11.24 million euros. This reduced the negative equity of -20.66 million euros to 9.42 million euros, while the liabilities dropped to 59.44 million euros, such as laola1.at reported

financial challenges and measures

Nevertheless, the annual balance sheet for 2022/23 remained critical: Despite an increase in sales, a minus of 6.85 million euros could not be avoided from seven million to a total of 30.66 million euros. The Austria debt grew to 66.73 million euros, which keeps the financial situation tense. The new CFO Harald Zagiczek emphasized that the sale of the Generali Arena is being sought to reduce debts and was looking for a real estate investor who is interested in a "Sale and Lease Back" agreement, so Puls24.at .

In addition to the high interest rates and the poor economic overall situation, the situation in the club remains very challenging. Zagiczek also pointed out that the depreciation and energy costs make the efforts to achieve a better result. Despite the serious financial situation, the basic mood in the club remains positive, and specific measures are being worked on in order to stabilize finances sustainably. Zagiczek said: "Together we will get strengthened from this difficult phase."