1. FC Köln
2. Bundesliga
32
Fragile
BETA
Key Metrics
Revenue
€95M
Personnel Cost Ratio
56%
Squad Value
€45M
Stadium
RheinEnergieStadion
Leased (City of Cologne) · 50,000
1. FC Köln are an elevator club with first-division infrastructure and second-division reality. The RheinEnergieStadion holds 50,000 but belongs to the city — no balance sheet reserve. Relegated 2024, second tier since.
The 56% personnel cost ratio is dangerous at second-division level. €95M revenue barely covers the cost structure. The €45M squad value shows substance loss after relegation — key players were sold.
Fragile: Köln need quick promotion, otherwise the Schalke spiral threatens — each year in the second division makes promotion harder, not easier.
Full Financial X-Ray in preparation.