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FC Copenhagen brings home the bacon for PS&E

Christian Wenande
March 21st, 2017


This article is more than 7 years old.

Parken Sport & Entertainment turns around finances despite fitness woes

The Lions are flying high this season (photo: FCK)

FC Copenhagen’s excellent run in European football has paid off handsomely for owners Parken Sport & Entertainment (PS&E), which has turned a loss in 2015 into a strong profit in 2016.

It was primarily FCK’s Champions League adventure – followed by a jaunt to the Europa League last 16 – which weighed in heavily, turning PS&E’s finances into a profit of almost 200 million kroner before tax.

“We are proud of the result, which shows that the decision made in regards to investing in FC Copenhagen has paid off,” said Bo Rygaard, the chairman of the board for PS&E.

READ MORE: Sports News in Brief: FC Copenhagen and Wozniacki crash out

Fitness failings
The company expects FCK to produce a further profit this year, and it has tied its financial expectations to the club reaching the Europa League next season.

Another areas that has proven successful for PS&E is its Lalandia holiday centres in Rødby and Billund, which yielded a profit totalling 83 million kroner.

However, the company continues to endure considerable losses via its fitness chain Fitness.dk. A 120 million kroner goodwill impairment led to a loss of almost 140 million kroner. But despite that, Rygaard still has faith in the struggling fitness chain.

“Despite the goodwill impairment, we still see the potential in Fitness.dk,” he said.

“We have a strategy in place regarding the establishment of a number of new centres, the development of existing centres, and some new concepts. This gives us a strong belief in the future of Fitness.dk.”


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A survey carried out by Megafon for TV2 has found that 71 percent of parents have handed over children to daycare in spite of them being sick.

Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”