Dortmund (AP) – Borussia Dortmund opens in a duel with FC Bayern Munich new sources of money. The Westphalian Bundesliga club wants to collect means of a capital increase 114.4 million euros from investors.
The sports equipment supplier Puma, the insurer Signal Iduna and the specialty chemicals group Evonik are willing to take greater share packages were the only listed German professional club announced in a release obligation for the fair. “Borussia Dortmund is then soon most likely debt free and also has a pretty decent fixed deposit account – but we are our earthiness not lose a bit,” said BVB CEO Hans-Joachim Watzke
In order for the district club converts the. traces of FC Bayern. At the German record champions keep in Adidas, Allianz and Audi three companies equally total of 25 percent of the shares.
As expected, the BVB uses the total authorized capital of the Annual General Meeting and are a total of 24.6 million new shares . About two months ago, the specialty chemicals group and main sponsor Evonik had already acquired about nine percent of the shares and rinsed the Championship Second last season about 26 million Euro in the coffers.
A large portion of the proceeds will go towards paying off debt. “The Company intends to use the expected gross proceeds in the amount of approximately 114.4 million euros in a capacity of about 40 million euros to repay debt,” it said the release of the association. “We are fairly confident that we will achieve a high degree of utilization of the authorized capital. This means the entire debt, “Watzke said. In addition, the BVB announced that Signal Iduna has secured for five years until 30 June 2026, the naming rights to the stadium in Dortmund.
With the recent deal of 2005 still threatened by insolvency BVB not only builds further debt from, but consolidating its status as one of the industry leaders and reduced the large financial gap to the market leader from Munich. They wanted to “put a lot more in the budget of the team” of 2018, Watzke stressed. Thanks to serious business policy and sporting successes with two championship titles (2011, 2012), a Cup victory (2012) and the entry into the Champions League final (2013) awakened the once biggest problem case of German football in recent years, the interest of investors.
The newfound financial flexibility is likely to increase the chance of Borussia, to keep courted by far more potent clubs Stars. To the chagrin of the National Dortmund player Mario Götze was replaced by a get-out clause for 37 million euros to Bayern last summer. The same path was recently Robert Lewandowski – free transfer. In addition, currently speculated that BVB could lose in the end of season Marco Reus another service provider. The contract of the attacker includes an exit clause that allows a premature change of clubs.
In the last season, Borussia had made a turnover of 260.7 million euros, 44 million less than in the previous season record. Also, the profit decreased from 51.2 million to twelve million euros. In the coming years, but they wanted to again reach more than 300 million Euro turnover, Watzke had said at the presentation of the figures in the previous week.
issued on 08.21.2014 to 16:06 clock
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