Financial Football

Financial table

  • Jahn Regensburg

    • AC183%
    • EQ72%
    • WR42%
    • LV0.4×

  • Dynamo Dresden

    • AC300%
    • EQ44%
    • WR45%
    • LV1.3×

  • Darmstadt 98

    • AC100%
    • EQ52%
    • WR54%
    • LV0.9×

  • Greuther Fürth

    • AC83%
    • EQ40%
    • WR59%
    • LV1.5×
Column
Financial table 2. Bundesliga 2019/20, sorted by points
Pos. Club
1 Jahn Regensburg 1215.63183%372%342%30.4×412±02018/19: 12 · 2019/20: 1212.0125.4
2 Dynamo Dresden 1215.13300%344%345%31.3×4–2019/20: 1212.0181.3
3 Darmstadt 98 1214.73100%352%354%30.9×412±02018/19: 12 · 2019/20: 1212.050.9
4 Greuther Fürth 1213.6383%340%359%31.5×412±02018/19: 12 · 2019/20: 1212.09−4.0
5 Holstein Kiel 1112.8255%337%357%31.7×312−12018/19: 12 · 2019/20: 1111.511−1.3
6 Karlsruher SC 1112.1245%335%358%31.9×39+22018/19: 9 · 2019/20: 1110.015−18.7
7 Hamburger SV 910.3231%225%346%23.0×18+12018/19: 8 · 2019/20: 98.54−6.7
8 Hannover 96 89.8240%226%262%22.9×09−12018/19: 9 · 2019/20: 88.56−11.1
9 St. Pauli 89.3231%222%351%13.5×17+12018/19: 7 · 2019/20: 87.514−0.6
10 Nürnberg 67.7236%115%345%05.7×15+12018/19: 5 · 2019/20: 65.5161.8
11 Heidenheim 55.912%11%347%073.4×15±02018/19: 5 · 2019/20: 55.03−1.3
12 Erzgebirge Aue 46.1120%110%261%08.7×05−12018/19: 5 · 2019/20: 44.570.0
13 Stuttgart 35.1122%117%175%05.0×011−82018/19: 11 · 2019/20: 37.02−28.4
14 Bochum 33.500%00%353%0equity < 015−22018/19: 5 · 2019/20: 34.08−3.0
15 Bielefeld 33.00−55%0−28%360%0equity < 013±02018/19: 3 · 2019/20: 33.01−2.0
16 Sandhausen 11.40−5%0−4%176%0equity < 004−32018/19: 4 · 2019/20: 12.510−1.7

Source: DFL Deutsche Fußball Liga, 2019/20 · 16 of 18 clubs

Clubs by points

  1. 12 Jahn RegensburgDynamo DresdenDarmstadt 98Greuther Fürth
  2. 11 Holstein KielKarlsruher SC
  3. 9 Hamburger SV
  4. 8 Hannover 96St. Pauli
  5. 6 Nürnberg
  6. 5 Heidenheim
  7. 4 Erzgebirge Aue
  8. 3 StuttgartBochumBielefeld
  9. 1 Sandhausen

4 of 16 clubs meet all four targets; the fewest points come from the leverage

2019/20, points per ratio, at most 12

Source: DFL, club financial figures

The financial table of the 2. Bundesliga over 2 seasons

Place 1 to 16 by points, 2018/19 to 2019/20

Source: DFL, club financial figures

Bielefeld: place 1 in the table, place 15 on finances, the widest gap in the 2. Bundesliga 2019/20

2. Bundesliga 2019/20, rank correlation −0.45

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.