Bundesliga club Borussia Dortmund announced its historic annual profit on Friday: the club generated 509. 1 million euros ($559 million) last season.
The amount, which does not take into account cash from moving expenses, represents a 24% increase from last season.
Despite a disappointing fifth place in the Bundesliga, Dortmund’s unexpected appearance in the Champions League final, where they lost 2-0 to Real Madrid, was the main explanation for the club’s record revenues.
Higher TV and vending benefits contributed to the increase.
“This is my 20th annual press conference and one of the most satisfactory,” club boss Hans-Joachim Watzke said on Friday.
Actual revenues are expected to be particularly higher, as Dortmund sold England midfielder Jude Bellingham to Real Madrid for €103m in the era review.
Dortmund, the German company that will go public in the country, announced that it would pay a constant dividend of six cents after the record results.
Like all German football clubs, Dortmund will have to abide by the 50:1 rule, which promises clubs and restricts outside investment or ownership.