Financial Football

Financial table

  • Greuther Fürth

    • AC166%
    • EQ65%
    • WR50%
    • LV0.5×

  • Jahn Regensburg

    • AC167%
    • EQ54%
    • WR50%
    • LV0.8×

  • Darmstadt 98

    • AC159%
    • EQ60%
    • WR54%
    • LV0.7×

  • Holstein Kiel

    • AC87%
    • EQ35%
    • WR41%
    • LV1.9×
Column
Financial table 2. Bundesliga 2018/19, sorted by points
Pos. Club
1 Greuther Fürth 1215.43166%365%350%30.5×4–2018/19: 1212.013−0.5
2 Jahn Regensburg 1215.23167%354%350%30.8×4–2018/19: 1212.082.7
3 Darmstadt 98 1215.13159%360%354%30.7×4–2018/19: 1212.0101.2
4 Holstein Kiel 1214.0387%335%341%31.9×4–2018/19: 1212.063.4
5 Köln 1113.7256%341%345%31.5×3–2018/19: 1111.011.0
6 Hamburger SV 810.4233%225%338%13.1×1–2018/19: 88.04−8.0
7 St. Pauli 79.7130%223%344%13.4×1–2018/19: 77.091.5
8 Bochum 57.0117%112%345%07.1×1–2018/19: 55.0110.8
9 Paderborn 07 57.0123%112%351%07.5×1–2018/19: 55.02−2.8
10 Erzgebirge Aue 56.7119%112%355%07.3×1–2018/19: 55.0140.5
11 Heidenheim 56.316%15%340%020.7×1–2018/19: 55.050.5
12 Sandhausen 45.9116%115%263%05.8×0–2018/19: 44.0150.1
13 Bielefeld 33.90−26%0−13%335%0equity < 01–2018/19: 33.075.4
14 Union Berlin 33.80−28%0−22%343%0equity < 01–2018/19: 33.030.3

Source: DFL Deutsche Fußball Liga, 2018/19 · 14 of 18 clubs

Clubs by points

  1. 12 Greuther FürthJahn RegensburgDarmstadt 98Holstein Kiel
  2. 11 Köln
  3. 8 Hamburger SV
  4. 7 St. Pauli
  5. 5 BochumPaderborn 07Erzgebirge AueHeidenheim
  6. 4 Sandhausen
  7. 3 BielefeldUnion Berlin

4 of 14 clubs meet all four targets; the fewest points come from the leverage

2018/19, points per ratio, at most 12

Source: DFL, club financial figures

Union Berlin: place 3 in the table, place 14 on finances, the widest gap in the 2. Bundesliga 2018/19

2. Bundesliga 2018/19, rank correlation −0.09

Source: DFL, club financial figures; final tables

Method

Four key figures, 0 to 3 points each, equally weighted, 12 at most. Three points: target met. On equal points the fine score decides: within each band, the distance to the next threshold; above the target, the distance beyond it with decreasing weight; at most 4 per key figure. Then the average of all seasons. Peer group: the clubs of the same league and season.

Key figure3 points2 points1 point0 points
Fixed-asset coverage AC
Equity ÷ fixed assets		 > 60%> 30%> 0% ≤ 0%
Equity ratio EQ
Equity ÷ total assets		 > 30%> 20%> 0% ≤ 0%
Wage ratio WR
Wage bill ÷ revenue		 < 60%< 70%< 80% ≥ 80%
Leverage LV
Debt ÷ equity		 < 2< 3< 4 ≥ 4 or negative equity

Wage ratio on the DFL's gross result; debt is total assets less equity. Subsidies from third parties are not on the balance sheet. Points are not licensing criteria of the leagues. Definitions: Data and method.

Scoring and thresholds after Christoph, Meenzer on Tour: ‘Die Finanzen der Männer-Bundesliga-Clubs: Abschlusstabelle 2026’, 21 August 2026.