BVB reports red numbers again. But optimism is returning thanks to sold-out games and new revenue prospects in the Champions League. Management is aiming for profits again.
After a second full season in the pandemic, Borussia Dortmund has posted a loss of 35 million euros. In the previous year, the minus was still 72 million euros. The association announced these preliminary figures for the 2021/2022 financial year (as of June 30) on Friday.
One reason: the Bundesliga soccer club was only able to offer 40 percent of the tickets and had less income from TV marketing due to the early exit from the Champions League. Instead of just under 187 million euros, BVB took 145 million here. During gaming operations, revenue climbed from almost zero to 22.6 million euros. In the previous season, no spectators were allowed in the Bundesliga due to the pandemic.
According to managing director Hans-Joachim Watzke, Borussia Dortmund KGaA generated sales of 456.8 million euros. The total also includes transfers. After the first year of the pandemic, this value was still 358.6 million euros. BVB reported 80 million euros in earnings before interest, taxes, depreciation and amortization (Ebitda), about twice as much as in the previous year. Watzke was therefore cautiously optimistic. From the 2023/2024 financial year, the company wants to make a profit again. Watzke is aiming for this goal a year earlier.
Predictions such as predicting the lottery numbers
Current forecasts are rather dubious because of Corona and the energy crisis. “I could also predict the lottery numbers,” said Watzke. It is positive that Borussia Dortmund is finding its way back to the old revenue strength, even if the pre-Corona level is far from being reached again. Every BVB game is sold out until the soccer World Cup at the end of the year.
Watzke reminded that the pandemic had a major impact on the transfer market. “You still get a lot of money for three or four players. But offers for the upper midfield have gone quiet.”
The transfer of Norwegian superstar Erling Haaland to Manchester City for a fee of 75 million euros will only take effect in the 2022/2023 financial year. The striker moved to England after the past season.
Source: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
