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Friday, August 24, 2012
Record profit for Borussia Dortmund

Stephan Uersfeld, Germany Correspondent

Borussia Dortmund have announced a record turnover and profit. Germany's only market-listed club also revealed that, for the first time, there would be a dividend payout.

The German champions, who had faced bankruptcy in 2005, had a turnover of €212.5 million, becoming only the third Bundesliga club after Bayern Munich and Schalke to cross the €200 million line.

Dortmund chairman Aki Watzke described the club's path from rags to riches as "an unbelievable story" and having added 42.1% to last year's turnover of €151.1 million, Watzke told Die Ruhr Nachrichten: "In all areas, I see a lot of potential if things go in our favour."

Despite not making it out of their Champions League group last season, Dortmund collected €28.3 million more in TV rights money and also topped last year's merchandise, transfer and advertising lists.

The club also announced a record profit of €34.3 million after taxes, and Watzke said: "This is a solid result. We remain on a upward course and see further chances to grow."

He added that the record profit was mainly due to the transfers of Lucas Barrios to Guangzhou Evergrande for €10 million and Shinji Kagawa to Manchester United for €16 million. Dortmund were able to reduce their liabilities to €40.6 million from €56.08 million, not taking into account liquid assets.

The market reacted positively to Dortmund's record results. Shares climbed 5% to €2.64 - still far off the issue price of €11.

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