• Germany's news in English
 
app_header_v3

BVB seeks cash to match Bayern

DPA/The Local · 21 Aug 2014, 15:45

Published: 21 Aug 2014 15:45 GMT+02:00

The football club is Germany's only publicly-traded club on the DAX stock market. Borussia Dortmund plans on releasing 24.6 million new shares and trading them at a price of €4.66, below the current stock price.

Sponsors, including Puma, have all indicated that they would acquire the bulk of the new shares to the tune of €82 million, but current shareholders have to be allowed an opportunitz to buy extra shares first. The sale begins August 26.

In 2005, the club entered bankruptcy proceedings. Now it finds itself competing with arguably the Bundesliga's biggest club, Bayern Munich, for new capital.

Munich is 75% owned by its sponsors Adidas, Allianz and Audi.

Much of the new funds is expected to pay off the €40 million in club debts, the club said in a release on Thursday.

"Borussia Dortmund will soon be... debt-free, with a strong current account - but we won't lose touch with our roots," said club CEO Hans-Joachim Watzke.

It's also likely to be used to keep its current star players. Last year, the winning-goal-scorer in July's World Cup finale Mario Götze was traded to Bayern Munich through an exit clause for €37 million.

Story continues below…

The club has pulled off a coup in recent years, rising from bankruptcy to win two championships in 2011 and 2012, as well as making it to the Champions League final in 2013. The successes have made investors keen.

In the last year, BVB made €260.7 million , which was actually €44 million more than 2012's record intake. 

For more news from Germany, join us on Facebook and Twitter.

DPA/The Local (news@thelocal.de)

Your comments about this article

Today's headlines
I’m ashamed of Germany’s refugee failure: Green leader
Cem Özdemir. Photo: DPA

The head of the Green Party has responded angrily to Angela Merkel’s speech on refugees on Friday, saying he feels “ashamed at Germany’s failure".

German satirists mock Erdogan (and his penis)
Photo: DPA

Tempting fate?

Huge pro-Erdogan rally puts strain on Turkish community
Erdogan supporters at a rally in 2014. Photo: DPA

Tens of thousands of supporters of Turkish President Recep Tayyip Erdogan plan to rally in Cologne on Sunday, as tensions over Turkey's failed coup have put German authorities on edge.

Opinion
How the Berlin startup scene is wasting its potential
Photo: DPA

"The truth is, there really isn't a truly successful international Berlin startup."

Five years' jail for German darknet weapons dealer
Photo: DPA

He had sold weapons to known Isis-sympathizers and far-right extremists.

Prickly Bavarian calls out cops on hedgehogs' noisy sex
Photo: DPA

Caught in the act.

International or German state school - which one's best?
Photo: DPA

Deciding between sending your child to a German state school or a private international school isn't easy. Max Bringmann has experienced both.

13 mortifying mistakes German learners always make

Sure-fire ways to get off on the wrong foot in the German language.

Captain Schweinsteiger retires from international football
Bastian Schweinsteiger. Photo: DPA

He has won a World Cup with Die Mannschaft and captained them at Euro 2016. On Friday Bastian Schweinsteiger announced his retirement from the national team.

Woman accused of false rape allegation at Cologne NYE
Cologne on New Year's Eve. Photo: DPA

According to latest reports, the woman was not even in Cologne on New Year's Eve.

Sponsored Article
Why you should attend an international job fair
Travel
Enter if you dare: Berlin's best abandoned haunts
DPA
Gallery
IN PICTURES: How Munich responded to shooting spree
Lifestyle
10 rookie errors all Brits make when they arrive in Germany
Sponsored Article
Why Swiss hospitality graduates are in demand
National
Bavaria train attack: Were police right to shoot to kill?
Sponsored Article
Five things Americans should know about voting abroad
National
How to get German citizenship (or just stay forever)
Technology
Brexit will turn Berlin into 'Europe’s startup capital'
Travel
Six soothing day trips to escape the bustle of Berlin
International
'Germany needs to make UK come to its senses'
Sponsored Article
Why expats choose international health insurance
Features
Six odd things Germans do in the summer
Travel
These 10 little-known German towns are a must see
Sponsored Article
Health insurance for expats in Germany: a quick guide
Features
How two gay dads cut through German red tape to start a family
National
Five things to know about guns in Germany
Culture
10 things you need to know before attending a German wedding
National
Eight weird habits you'll pick up living in Germany
Sponsored Article
Why Swiss hospitality graduates are in demand
Lifestyle
Six reasons 'super-cool' Berlin isn't all it's cracked up to be
Society
Only one country likes getting naked on the beach more than Germany
Sponsored Article
Why you should attend an international job fair
Lifestyle
23 ridiculously fascinating things you never knew about Berlin
Culture
8 German words that perfectly sum up your 20s
Lifestyle
Can't make it past the door at Berlin's most famous club? Help is at hand
Business & Money
Why Frankfurt could steal London's crown as Europe's finance capital
Features
6 surprising things I learned about Germany while editing The Local
10,786
jobs available
Toytown Germany
Germany's English-speaking crowd