Borussia Dortmund in August reported a financial loss of €44 million – the club's first deficit in 12 years. However, the club have now revealed that the pandemic nightmare is far from over.
In a recently released 224 pages financial report, Dortmund's management writes that Covid-19 is also expected to have a huge impact on the club's finances in 2020/21.
Dortmund with managing director Hans-Joachim Watzke in the lead expect to lose between €70 million and €75 million in the 2020/21 financial year. The club state that there is a high degree of uncertainty and that "Covid-19 will affect almost all revenue streams".
In 2019/20, Dortmund had a turnover of €442.1 million including transfer revenue. That figure is predicted to drop by about 20 per cent "mainly due to a decline in revenue from transfer business."
The just finished transfer window was very unusual for Dortmund as they only had transfer income of about €5 million. However, if Jadon Sancho is sold in the winter window for the reported asking price of more than €120 million the picture could look very different.
In the financial report, management emphasises that its main concern in this financial year is to manage the club's operating expenses as they are "related to the number of matches the team plays". Thus, better results mean bigger compensation for the players and thereby higher expenses for the club.
Comments
Post a Comment