German Bundesliga, Leagues, RB Leipzig, Story


According to 2016’s financial figures, Leipzig’s reliance on Red Bull has grown.

LEIPZIG, Germany — Leipzig’s reliance on backer Red Bull increased with Bundesliga promotion, according to financial figures released for 2016.

The club owed the energy drinks manufacturer about €52.4 million ($64.1 million) at the end of 2015, and that grew by more than €30m to €83.2m by the end of the following year.

Leipzig secured promotion from the second division in 2016 and went on to boost the team with the signings of coach Ralph Hasenhuettl from Ingolstadt, Timo Werner from Stuttgart, Oliver Burke from Nottingham Forest, and Naby Keita, Bernardo and Benno Schmitz from sister club RB Salzburg.

The club also secured a loan deal for Kyriakos Papadopoulos from Bayer Leverkusen, while Lukas Klostermann’s and Diego Demme’s contracts were extended.

Wages increased from €32.7m to €53.7m. Turnover increased to €118.6m from €79.5m the previous year.

The figures were initially reported by the Saechsische Zeitung and Mitteldeutsche Zeitung newspapers.

Leipzig finished second in its first Bundesliga season. The team is currently third with 13 rounds of the league remaining.



Source link

Products You May Like

Articles You May Like

Thibaut Courtois apologises for singing anti-Real Madrid song
Lionel Messi Cristiano Ronaldo Mohamed Salah up for Champions League award
Borussia Dortmund fans’ jealousy drove me out of club – Andre Schurrle
Cristiano Ronaldo’s arrival will show the world that Serie A is full of drama
Manchester City impress at Arsenal Real Madrid keepers Paul Pogba vs Jose Mourinho

Leave a Reply

Your email address will not be published. Required fields are marked *