FC Schalke 04 releases 2020 fiscal year report
The fiscal year was massively shaped by the Coronavirus pandemic and the measures implemented to contain it. FC Schalke 04 generated revenues of €174.7 million in the 2020 fiscal year (2019: €275.0 million). The season being put on hold and the subsequent decision to play matches behind closed doors meant the temporary loss of significant revenue sources for the Royal Blues, ones that could only be realized to a limited extent by the end of the fiscal year. https://schalke04.de/en/team/fc-schalke-04-releases-2020-fiscal-year-report/ In the midst of the crisis, it was important to act quickly. The Royal Blues were able to mitigate the pandemic’s impact on revenues by implementing extensive cost-cutting measures. The consolidated net loss for the year was €52.6 million (2019: €26.1 million), and is thus in line with what was forecast for the fiscal year in the interim report released by the club in September 2020. Christina Rühl-Hamers, Board Member for Finance, Personnel and Legal Mat...