Ilia Gruev’s move to Leeds United this summer is being celebrated at Werder Bremen, as it’s helped them to a “significant increase” in their balance sheet for the last year.
BILD cover the situation today, explaining that Werder CEO Klaus Filbry presented the club’s balance sheet for 2023/24 on Monday, and it was good news.
The German club have managed a small profit of €2.2m, an improvement on the year before when they posted a loss of £3.8m due to a lack of transfer revenues.
“The transfers of Ilia Gruev and Niklas Schmidt also contributed to the significant increase,” reported Filbry. Gruev joined Leeds in a €6.5m move at the end of August while Schmidt went to Toulouse for €2.5m at the beginning of August.
Profits could have been higher for the club too if they had managed to offload Naby Keïta. Instead, they have been stuck with the midfielder and a provision for his has to be deducted from any profits in case of impending losses.
That’s just a small negative on what is being seen as a big positive at Werder, though, with Gruev’s move to Leeds helping considerably on that front.
