Germany's exit from the group stage of the World Cup in Qatar is one of the reasons for the losses of the German Federation (Getty Images)

The German newspaper "Handelsblatt" for financial and economic news reported on Friday that the German Football Association suffered a financial loss of 4.2 million euros in 2022.

The report revealed that without the special clauses, the loss would have been up to €17.5 million.

Stefan Grünwald, the federation's chief financial officer, said: "It is still a generally acceptable financial result, taking into account the German team's exit from the group stage of the Qatar 2022 World Cup. We are now dealing with a structural deficit."

Grünwald added that if Euro 2024, hosted by Germany next summer, is disappointing for the Manchaft in front of their fans, "we will face a more serious problem."

Germany play in Group A with Switzerland, Scotland and Hungary.

The opening match of the Euro between Germany and Scotland will be played on June 14.

Source: dpa