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German 1.Bundesliga giant Schalke 04 has posted a net loss of Eur4.55 million for the year ending December 31, 2012 – a reverse on the profit of Eur5.57 million it recorded in the previous campaign.

German 1.Bundesliga giant Schalke 04 has posted a net loss of Eur4.55 million for the year ending December 31, 2012 – a reverse on the profit of Eur5.57 million it recorded in the previous campaign.

Schalke exited the UEFA Champions League at the Round of 16 stage last week and is currently pushing for a return to next season’s competition, where it is currently seperated from the 1.Bundesliga’s final qualifying spot on goal difference. The Gelsenkirchen club stated the loss was expected due to costs accumulated over recent years in the development of the playing squad.

However, thanks to the team‘s qualification for the group stage of the Champions League and progression to the Round of 16, Schalke recorded turnover of Eur172.6 million for the 2012 calendar year. This figure is only eclipsed by the previous year’s revenues of Eur199.8 million, but the club said that this sum was boosted by income from player sales.

“The planning we have submitted to the DFL (German Football League) for the current financial year is characterised by financial prudence,” said Schalke’s director of finance Peter Peters. “It does not include qualification for the UEFA Champions League at all. Rather, we expect to report a reduction in turnover, which will be counterbalanced by a reduction in personnel costs. We will definitely continue to reduce our financial liabilities, although we can’t rule out posting another loss in the 2013 financial year.”

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