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Bundesliga side Schalke have announced a record income from last year, which will bode well for the future.

The Gelsenkirchen club revealed on Friday that they had taken a record €149.5 million in 2007. The profit from that was around €12.8 million.

“The business year 2007 is a lovely example, which shows that the decisions we made in the past have now paid off” explained finance chief Josef Schnusenberg.

The Königsblauen made it past the group stage of the Champions League last year, which went a long way towards producing these results.

“It was clear to us that sporting success like we had last year would speed up the paying off of our debts” Schnusenberg added.

Schalke’s debts have now decreased from €129.5 million to just €102.2 million.

“The investment in the squad, the Veltins Arena and the infrastructure were of course exertions on the budget, but these are becoming ever more predictable.

The club’s previous best figures came in 2005 when they made €131.8 million.

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Goal.com - Schalke - Schalke Announce Record Income