Bundesliga club Borussia Dortmund made a club record profit of £46 million last season without winning a single trophy, according to the London Evening Standard.
Last season's Champions League runners-up finished second in the title race and reached the German Cup final but failed to win a trophy. However Dortmund, who were on the brink of financial collapse eight years ago, had a turnover of £261 million by June 2013.
The previous season had still seen impressive profits of £30 million but the Westfalenstadion club increased this year's profits by £16 million coupled by a very respectable season on the pitch.
Chief Executive Hans Joachim Watzke is clearly pleased with the financial success and believes the stability gained from such profits will only help the footballing progress within the club.
"We succeeded to couple sporting with financial success. What is important is above all the sustainability of the sporting development," he said.
Compare these figures to Premier league clubs and there is no comparison. At the end of June 2012, Arsenal made profits of £29.6 million but were way ahead of any other English club.
Dortmund are the only publicly-traded Bundesliga club on the German stock market and it seems the adversity of 2005, when Bayern had to lend the club £1.7 million to pay their players, is far behind them.
The Bundesliga club are still a way behind their rivals Bayern who not only stole all the trophies from the clutches of Dortmund last season, but also managed to secure profits of £319 million in June of this year.
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