 Bayern is an exception in professional, international football, having generated profits in nine of the last ten seasons. Other clubs often report losses, realizing transfers via loans, whereas Bayern always uses current assets. Also Bayern differs from other European top clubs in their income composition. While other clubs derive more than 35 % of their revenues from broadcasting right, Bayern earn only 22 % of their revenues that way. This is often accounted for by Bayern not marketing their broadcasting right themselves. Instead the Deutsche Fußball Liga negotiates broadcasting rights for the whole Bundesliga.
