Money 44 million euros loss: BVB is waiting for normalcy

15:51  17 august  2020
15:51  17 august  2020 Source:   sport1.de

Hoeneß criticizes BVB: transfer policy «unwise»

 Hoeneß criticizes BVB: transfer policy «unwise» © Sven Hoppe / dpa criticizes BVB: Bayern honorary president Uli Hoeneß. Bayern Munich's honorary president Uli Hoeneß described the transfer policy of Bundesliga rival Borussia Dortmund as "unwise".

Millions of Americans already have lost their jobs due to the coronavirus crisis and the worst of the damage is yet to come, according to the Federal There are nearly 67 million Americans working in jobs that are at a high risk of layoffs, according to the analysis. St. Louis Fed President James Bullard

The total amount was around 20 million Euro for 99 years. Scandalous, some serious politic maneuvering right there. The difference is that this time Berlusconi has opened up to the possibility of selling the majority, which is way more appealing to investors rather than the "oh yeah I am keeping

Borussia Dortmund closed the 2019/20 financial year with a deficit of 44 million euros - BVB suffered especially in the area of ​​ticketing. But according to Hans-Joachim Watzke there is no need to panic.

Auch der BVB hat mit den Auswirkungen der Corona-Pandemie zu kämpfen: Geschäftsführer Hans-Joachim Watzke am Montag in Dortmund. © imago images BVB is also struggling with the effects of the corona pandemic: Managing Director Hans-Joachim Watzke on Monday in Dortmund. As expected,

Borussia Dortmund closed the 2019/20 financial year with deep red figures. The consolidated net loss for the year was 44 million euros. On June 29th, BVB even forecast a loss of 45 million euros in an ad hoc announcement. For the first time in years, the Westphalians are also reporting financial liabilities of eight million euros.

Hoeneß rumbles against BVB

 Hoeneß rumbles against BVB © Sven Hoppe / dpa / archive picture Uli Hoeneß, former President of Bayern Munich. Verbal broadside by Uli Hoeneß, violent reaction from Michael Zorc - the arch rivals from Munich and Dortmund had already verbally exchanged blows before the new Bundesliga season. The criticism of the BVB transfer policy of the Munich Honorary President, who continues to serve the “Attack Department” even after retirement, was rejected by the BVB sports director: “I find the statements pretty arrogant.

Collection: 44 ,933,444.60 €. Jackpot for next draw In the Euromillions results of Tuesday, 11 August 2020 that had a jackpot of 73 million euros there were not first category winners so for the next draw it is generated a new jackpot of 85 million euros .

Like others said here, a million Euros can be a lot of money if you know what to do with it. This was still in Escudos, but it was a pretty huge prize, so probably close to a million Euros . Well, instead of pulling himself off the dregs, he basically blew all that money in something like 2 weeksgoing back to

"We can hold out the pandemic situation for a very long time"

The figures that Hans-Joachim Watzke and CFO Thomas Treß presented on Monday at the balance sheet press conference were "no surprise," as Watzke noted without emotion. "After ten very good years and - cumulatively - three-digit million profits from 2014 to today, Corona came," sighed the BVB boss.

The situation is not comfortable, but there is also no reason to panic. Borussia has "generated such a high level of liquidity on the capital market that we can hold out the pandemic situation for a very long time", assured Watzke. And further: "The liquidity that we have now obtained is available well beyond the season." In Dortmund - and in the other Bundesliga cities - everyone longs for normalcy. But with that, says Watzke, only full stadiums can be expected again.

No contact between BVB and Manchester United because of Sancho

 No contact between BVB and Manchester United because of Sancho The decision is approaching. The deadline that Borussia Dortmund has set for Jadon Sancho will soon pass. Manchester United doesn't seem to be in a particular hurry. © imago images How long will teammates last? Jadon Sancho (r.) With Erling Haaland on Monday in BVB training. The BVB bosses have never made a secret of pushing for a quick solution at Sancho. It is a no-go for them that a change of English could drag through the entire preparation period.

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Croatia Airlines registered a net loss of 10.7 million euros in 2019, representing an improvement on the year before when the figure stood at eleven million . The company blamed its results on new IFRS 16 accounting standards, costs relating to aircraft overhaul and maintenance

Only in the fourth quarter did sales collapse massively

Two figures make it clear how great the influence of Corona was on BVB's sales and profit development: Borussia Dortmund GmbH & Co. KGaA was still on a growth path after the third quarter (plus 6.3 percent) before sales in the fourth quarter (April to June) slumped by a massive 25 percent.

Which factors particularly hurt the Westphalians? Borussia Dortmund recorded the biggest decline in ticketing to just 32.5 million euros. "We had to get over 12.1 million euros less," said Treß. The five Bundesliga home games without spectators alone resulted in a deficit of 7.8 million euros in ticket sales. The TV revenues in the Bundesliga were almost seven million euros less than expected.

BVB sees itself well positioned in the field of advertising and sponsoring.

The gross group total output (sales plus gross transfer revenues) amounted to 486.9 million euros in the year under review, which is 2.6 million euros less than 489.5 million euros in the season. Adjusted for transfers, the group generated 370.2 million euros, which corresponds to the previous year's result up to 60,000 euros. The operating result (EBITDA) was still positive at 63.0 million euros, high depreciation (106.1 million) then pushed it deep into the red.

sees itself well positioned in the field of advertising and sponsoring. The revenue, which has already risen to 98 million euros annually, should continue to grow: With the new season, the new contracts with supplier Puma (until 2028) and the new main sponsor 1 & 1 (up to 2025) in force. Although equity decreased by 49.5 million euros, it is still 305.4 million euros. "That," said Tress, "emphasizes our financial stability."

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