Bayern Munich president Karl-Heinz Rummenigge praised Chelsea manager Marina Granovskaia’s astute handling of the Covid financial crisis in football.
The Premier League club posted a profit of £ 32.5million for the year ending June 30, 2020 – their latest financial results released – despite the initial effects of the pandemic.
England’s top flight was suspended in March for three months and matches continued to be played without crowds across most of Europe, impacting the club’s income.
Bayern Munich President Karl-Heinz Rummenigge spoke about the financial impact of the Covid-19 pandemic on major European football clubs
He praised Chelsea manager Marina Granovskaia (left, pictured with player Reece James when her contract was renewed last year) for her astute handling of the impact of the pandemic.
Rummenigge said European champions Bayern lost between £ 3.5million and £ 4.3million in revenue for each matchday, their home at the Allianz Arena with a capacity of 75,000 places was empty.
But while discussing the impact of the Covid pandemic on football, he praised Granovskaia’s efforts to keep Chelsea in decent financial health.
“There are maybe two or three clubs that are able to turn the tide,” he told The Athletic.
“Chelsea’s numbers, for example, look very positive. Marina did a great job. But we won’t see no all time record [profit] records are tumbling this summer, that’s for sure.
Chelsea and Bayern Munich met in the Champions League round of 16 last season
Bayern have lost between £ 3.5 and 4.3million in revenue per game per game, while their 75,000-capacity Allianz Arena has been without fans.
Rummenigge added: “Everyone I talk to wants to reduce their payroll. This also applies to Bayern. Transfer fees went down 50% last season, which was good, but salaries did not adjust downward as a result.
“We find that the players and their agents are not happy to renew under the existing circumstances but want more.
“It will be an interesting transfer market. It will be instructive to see if the best players get the upper hand in this regard.
“We have to rely on the understanding of the players and the agents of the situation. The whole football industry, the whole world has been damaged by Covid-19.
Granovskaia has long been the trusted negotiator of Chelsea owner Roman Abramovich
Granovskaia welcomes Chelsea manager Thomas Tuchel to the club in January
“I’m curious to see if there will be a club in Europe that can break even this season. It will be difficult, even for us.
“After more than a year without supporters, the loss of income has been much greater for the big clubs. “
As Chelsea owner Roman Abramovich’s trusted negotiator, Granovskaia has developed an enviable reputation in the football world.
She finished the negotiations which brought Timo Werner, Kai Havertz and Hakim Ziyech to Chelsea last year in a spending spree of over £ 200million.