Entertainment BVB: Business model is no longer fully inappropriate

01:10  03 december  2021
01:10  03 december  2021 Source:   pressfrom.com

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The Annual General Meeting of the shareholders of Borussia Dortmund was overshadowed by the Corona Pandemic. Managing Director Hans-Joachim Watzke appealed to politics to meet Corona decisions with measure and center.

Im Dortmunder Westfalenstadion mussten zuletzt Tickets gegen Bayern München storniert werden. © Federico Gambarini / DPA Pool / DPA In the Dortmunder Westfalenstadion, tickets against Bayern Munich had to be canceled last.

The club is ready to reduce the audience number by two-thirds from 81,000 to around 26,000 because of the high infection numbers, Watzke said. He stressed at the online event that the football was not a driver of infectious events. The BVB Managing Director called for politics not to establish populist demands "to distract from one's misses».

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tickets against Bayern Cancel

The association had to cancel the sale of 67,000 tickets for the top game against FC Bayern Munich on Wednesday and waited during the assembly to a decision of the Prime Minister Conference to tighten the rules in major events. After the end of the Annual General Meeting, the message from Berlin came in the afternoon. The football stadiums are at most 15,000 spectators.

Borussia Dortmund KGaA had posted a loss of more than 72 million euros in the past financial year 2020/2021 due to lack of audience revenue in the pandemic. For this reason, the trophy winner of last season no dividend pours its shareholders.

share price in the basement

"Covid has massively shaped us in the last two years. This has led that our business model is no longer working fully, "Watzke said in his speech. He referred to the share price, which was 9 to 10 euros before the pandemic. On Thursday, the value was just over 4 euros.

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According to Watzke, the club occupies 4 million euros with tickets and catering at a sold-out game. The failure would be correspondingly high at 17 home games without viewers. However, financial executive Thomas Tress assumes that the loss in the current financial year is well below that of the financial year 2020/2021 due to the return of the audience.

Borussia Dortmund had achieved a turnover of around 324 million euros in the past financial year in addition to the Cup victory in the champions League in the Champions League and again qualified for the European premier class in the championship. However, the team of coach Marco Rose now rose in the group stage. The BVB is thus lost about 13 million euros.

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