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HomeBusinessWatzke: "Can hold": Borussia Dortmund, writes in the red

Watzke: “Can hold”: Borussia Dortmund, writes in the red

Watzke: “Can hold on”
Borussia Dortmund is in the red

BVB boss Hans-Joachim Watzke sees the stock-market listed Club for a longer period of financial drought prepared. Photo: Mareen Meyer/BVB/dpa

© dpa-infocom GmbH

Games without spectators, less TV revenue: Corona has set the Bundesliga club hard. Borussia Dortmund, writes for the first time in a long time in the red.

The Corona-crisis has ripped a hole in the coffers of German Bundesliga team Borussia Dortmund. The Deputy master reports for the fiscal year 2019/20, a Minus the amount of 43.9 million euros.

Managing Director Hans-Joachim Watzke sees the stock-market listed Club, but for a longer period of financial drought prepared. The ability to pay is “far in excess of this season exist,” he said on Monday at the BVB-balance-sheet press conference. Borussia could keep the “pandemic Situation for a very, very long,” said Watzke, and referred to the equity in the amount of 305 million Euro.

The group’s sales remained at around 370 million euros, virtually unchanged. The obtained transfer receipts are added, the BVB a total turnover of nearly 487 million euros, about 2.5 million Euro less than in the previous year.

After the end of the Corona-break, the BVB had to unsubscribe, the last 5 home matches in the League without spectators. As a result, the total be revenue from the sale of tickets at Bundesliga to 7.8 million euros to 20.4 million euros decreased. Solid would have to Redeem in addition, a loss of revenue in sponsorship, to television and, in particular, with the transfer negotiated to resolve. From the players ‘ transfers of the BVB are generated this time is only a good 40 million euros in the previous financial year, it was still more than twice as much.

The black BVB will write to Watzkes evaluation only, “when we have no restrictions on the spectators. But we must have patience.” If the Bundesliga would have to wait even longer to sold-out stadiums, then the negative could be Borussia higher. But that would not be an existential threat, said the Dortmund boss. A dividend will not be entitled to the BVB shareholders. For employees of the BVB have not introduced short-time work, – said Watzke.

The BVB chief has called for small steps in the return of the spectators. Five-digit spectators at Bundesliga games he does not hold to pay appropriate for the time being, said the Dortmund boss. Conceivable 5000 to 8000 people depending on the size of the stadiums. That would be “safe events”.

Matthew Velter
Matthew Velterhttps://etrendystock.com/
With 5 years of experience as an editor, Matthew has been a crucial part of eTrendy Stock since its inception. He looks after the editing of news content published on eTrendy Stock. Apart from investing his time in editing, he also provides well-researched news articles for the U.S. niche. Mathew studied at University of central Florida.

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