Financial Football

Financial table

  • Jahn Regensburg

    • AC217%
    • EQ75%
    • WR47%
    • LV0.3×

  • Kaiserslautern

    • AC172%
    • EQ66%
    • WR44%
    • LV0.5×

  • Magdeburg

    • AC394%
    • EQ51%
    • WR47%
    • LV1.0×

  • Greuther Fürth

    • AC166%
    • EQ47%
    • WR49%
    • LV1.1×

  • Paderborn 07

    • AC120%
    • EQ47%
    • WR48%
    • LV1.1×

  • Holstein Kiel

    • AC73%
    • EQ51%
    • WR57%
    • LV1.0×
Column
Financial table 2. Bundesliga 2022/23, sorted by points
Pos. Club
1 Jahn Regensburg 1215.53217%375%347%30.3×4–2018/19: 12 · 2019/20: 12 · 2020/21: 12 · 2022/23: 1212.0171.9
2 Kaiserslautern 1215.53172%366%344%30.5×412±02020/21: 12 · 2021/22: 12 · 2022/23: 1212.090.2
3 Magdeburg 1215.23394%351%347%31.0×412±02020/21: 11 · 2021/22: 12 · 2022/23: 1211.7112.0
4 Greuther Fürth 1215.03166%347%349%31.1×412±02018/19: 12 · 2019/20: 12 · 2020/21: 10 · 2021/22: 12 · 2022/23: 1211.6120.1
5 Paderborn 07 1215.03120%347%348%31.1×412±02018/19: 5 · 2019/20: 12 · 2020/21: 9 · 2021/22: 12 · 2022/23: 1210.060.0
6 Holstein Kiel 1214.2373%351%357%31.0×412±02018/19: 12 · 2019/20: 11 · 2020/21: 12 · 2021/22: 12 · 2022/23: 1211.88−1.5
7 Karlsruher SC 1112.5245%335%353%31.9×311±02018/19: 9 · 2019/20: 11 · 2020/21: 10 · 2021/22: 11 · 2022/23: 1110.47−0.7
8 Darmstadt 98 1011.9245%332%357%22.1×212−22018/19: 12 · 2019/20: 12 · 2020/21: 12 · 2021/22: 12 · 2022/23: 1011.62−1.2
9 Hamburger SV 911.5244%228%338%22.6×110−12018/19: 8 · 2019/20: 9 · 2020/21: 9 · 2021/22: 10 · 2022/23: 99.037.8
10 Braunschweig 56.5116%18%351%012.2×15±02018/19: 9 · 2020/21: 5 · 2021/22: 5 · 2022/23: 56.0150.2
11 St. Pauli 56.018%15%352%018.3×15±02018/19: 7 · 2019/20: 8 · 2020/21: 5 · 2021/22: 5 · 2022/23: 56.05−4.9
12 Düsseldorf 56.017%13%351%027.8×15±02018/19: 8 · 2019/20: 6 · 2020/21: 6 · 2021/22: 5 · 2022/23: 56.04−3.0
13 Heidenheim 56.016%14%350%023.4×15±02018/19: 5 · 2019/20: 5 · 2020/21: 5 · 2021/22: 5 · 2022/23: 55.01−0.1
14 Hannover 96 45.7115%19%262%010.0×05−12018/19: 9 · 2019/20: 8 · 2020/21: 4 · 2021/22: 5 · 2022/23: 46.010−3.8
15 Nürnberg 33.50−53%0−29%353%0equity < 013±02018/19: 5 · 2019/20: 6 · 2020/21: 2 · 2021/22: 3 · 2022/23: 33.8140.3

Source: DFL Deutsche Fußball Liga, 2022/23 · 15 of 18 clubs

Clubs by points

  1. 12 Jahn RegensburgKaiserslauternMagdeburgGreuther FürthPaderborn 07Holstein Kiel
  2. 11 Karlsruher SC
  3. 10 Darmstadt 98
  4. 9 Hamburger SV
  5. 5 BraunschweigSt. PauliDüsseldorfHeidenheim
  6. 4 Hannover 96
  7. 3 Nürnberg

6 of 15 clubs meet all four targets; the fewest points come from the leverage

2022/23, points per ratio, at most 12

Source: DFL, club financial figures

Paderborn 07: from place 9 to place 5 in the financial table

Place 1 to 16 by points, 2018/19 to 2022/23

Source: DFL, club financial figures

Heidenheim: place 1 in the table, place 13 on finances, the widest gap in the 2. Bundesliga 2022/23

2. Bundesliga 2022/23, rank correlation −0.30

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.