World BVB expects a shortfall of 45 million euros

16:41  29 june  2020
16:41  29 june  2020 Source:   spox.com

650,000 euros in tests for the Pro League

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  BVB erwartet Fehlbetrag in Höhe von 45 Millionen Euro © imago images / Kirchner-Media

Borussia Dortmund is experiencing the corona crisis financially. The runner-up expects a massive shortfall of 45 million euros for the 2019/20 financial year. This emerges from an ad hoc announcement published on Monday.

"The expected figures are to be seen as a direct impact of the COVID-19 pandemic, which has affected all Borussia Dortmund's revenue and revenue fields," the statement said. In particular, the lack of ticket revenue, but also reductions in advertising and VIP hospitality revenues and the slump in the transfer market had a clear impact.

BVB still sees itself well prepared for the future.

Borussia Dortmund GmbH & Co. KGaA had already withdrawn its forecast for the financial year from the market in March and later announced that no positive result was to be expected. BVB still sees itself well prepared for the future. "Thanks to the good earnings situation in the past few financial years" and "existing group equity of around 355 million euros as of June 30, 2019", Borussia Dortmund is prepared to bear the expected losses.

The BVB share had recently recovered somewhat, on Monday the paper was traded for EUR 6.05. As of February 21, the share was still at € 9.39, but had dropped to € 4.59 in the middle of the crisis.

Shortly at checkout: BVB is cutting its budget for the first time in years .
© TF-Images / Getty Images The financial situation should also be less palatable for coach Favre (left) and head of sports Zorc (right) The corona crisis hits Football Bundesliga continues to be tough. The players of all clubs had waived part of their salary during the past few weeks or still do so - including the BVB . With the black and yellow there is now an unprecedented cause: For the first time in a long time, you start the following season with a lower gaming budget.

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