The listed German Bundesliga club Borussia Dortmund needs fresh money to get over the corona crisis.
5:17 p.m., September 16, 2021
You can always find noted articles in your reading list
recall. You can access your reading list directly via the page navigation.
To the reading list
Of the BVB now wants to collect 86.5 million euros from its shareholders in order to pay off debts and compensate for lost viewers. “This capital increase represents a major milestone for Borussia Dortmund to overcome the previous economic burden of the pandemic,” said managing director Hans-Joachim Watzke on Thursday.
BVB, which regularly had an average attendance of around 80,000 per game before the pandemic, is hardest hit by the ghost games. Sales collapsed by more than a third in the past season. The number of spectators in the German stadiums is still very limited. In the 2020/21 season, BVB had accumulated a loss of 73 million euros, in the previous season it was 44 million.
The new shares, with which the club will increase its share capital by 20 percent, will each cost 4.70 euros. That is a discount of almost a quarter on the Wednesday closing price. On Thursday, however, the shares on the stock exchange fell by up to 13 percent to 5.31 euros. The BVB share will drop out of the SDax small value index next week due to the price slide this year.