The German financial and economic news newspaper “Handelsblatt” reported – yesterday, Friday – that the German Football Association incurred a financial loss of 4.2 million euros in 2022.
The report revealed that without the special items, the loss could have reached €17.5 million.
The newspaper quoted Stefan Grünewald, the federation's financial director, as saying, “It is still a generally acceptable financial result, taking into account the German national team's exit from the group stage of the World Cup in Qatar 2022. We are now dealing with a structural deficit.”
Grünewald added that if the European Nations Cup (Euro 2024), which Germany will host next summer, is disappointing for the German national team in front of its fans, “we will face a more serious problem.”
It is noteworthy that the German national team plays in the first group, along with Switzerland, Scotland and Hungary.
The opening match of the Euro between Germany and Scotland will be held on June 14.