Bayern Munich expects to lose 150 million euros due to Covid-19

Author: Agencies

BERLIN: Bundesliga champions Bayern Munich said Monday they expect the Covid-19 pandemic to cost them 150 million euros ($178 million) in lost match-day revenue. Just a few hundred fans were allowed in for their final game last season, the only Bayern match at the Allianz Arena where spectators have been admitted since the Covid-19 pandemic first hit Germany in March 2020. Bayern president Herbert Hainer confirmed the forecasted loss after so many games behind closed doors, but insisted “our ambitions have not diminished”. The new Bundesliga season starts August 13 and Bayern hope health regulations in Bavaria will allow a limited number of fans to watch their first home game against Cologne on August 21 at the 75,000-capacity stadium. The club’s new chairman and CEO Oliver Kahn said they want fans back in the stadium as soon as possible “but safety remains the priority”. Kahn also stated next season’s target is to win a tenth straight Bundesliga title, “that’s our big goal. It’s never been done before in the top European leagues”. In-coming new coach Julian Nagelsmann is tasked with keeping Bayern top of the German league.

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