BERLIN: German footballing giants Bayern Munich are set to achieve a record turnover of 350 million euros, club president Karl-Heinz Rummenigge said Tuesday.

"We`re basing this on a turnover exceeding 300m euros for the first time. With the consolidated takings of the Allianz-Arena (Bayern`s stadium) that should establish it around 350m," Rummenigge told Focus-Money magazine.

Bayern completed the German league and Cup double last season, but lost the Champions League final to Inter Milan.

The Bavarian club`s previous record was 286.6 million euros in 2006-07.

Bayern, who have spent nothing on the transfer market this summer, will make a profit for the 16th consecutive year, Rummenigge said.

"Honestly, the crisis, we know nothing about it," he added.

BDST: 1833 HRS, AUGUST 10, 2010