UEFA Champions League

Bayern announces record turnover of 640.5M euros

MUNICH (AP) Bayern Munich has broken its own financial records for revenue again.

The Bundesliga powerhouse announced at its AGM on Friday turnover of 640.5 million euros ($759 million) and operating profit of 149.1 million euros ($177 million) for the 2016-17 season.

The Bayern group's profit before tax increased by 22.2 percent to 66.2 million euros ($78.5 million) - 39.2 million ($46.5 million) after tax - despite the team's Champions League exit at the quarterfinal stage and failure to reach the German Cup final last season.

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