Borussia Mönchengladbach
1. Bundesliga
58
Robust
BETA
Key Metrics
Revenue
€175M
Personnel Cost Ratio
55%
Squad Value
€140M
Stadium
Borussia-Park
Owned + ecosystem · 54,042
Gladbach are the Bundesliga's Mittelstand model club: Borussia-Park owned outright, supplemented by a medical center, hotel and office space — an ecosystem generating revenue beyond matchday. Over 100,000 members, no investor, Virkus/Schröder leadership in transition.
The 55% personnel cost ratio is at the upper edge of sustainability. The €140M squad value reflects a team in transition — neither contenders nor relegation candidates. Transfer firepower is limited: Gladbach can afford ~€15M net transfers.
Robust but not antifragile: Gladbach survive normal fluctuations thanks to infrastructure revenue but would be seriously pressured by relegation.
Full Financial X-Ray in preparation.