Dortmund announce highest revenue in club history

3 months ago 84

By AFP

16 August 2024 | 5:16 pm

Bundesliga side Borussia Dortmund on Friday announced the highest single year turnover figure in their history, with the club generating 509.1 million euros ($559 million) last season. The amount, which does not take into account money raised from transfer fees, represents a 24 percent increase on the previous season. Despite a disappointing fifth placing in…

Bundesliga side Borussia Dortmund on Friday announced the highest single year turnover figure in their history, with the club generating 509.1 million euros ($559 million) last season.

The amount, which does not take into account money raised from transfer fees, represents a 24 percent increase on the previous season.

Despite a disappointing fifth placing in the Bundesliga, Dortmund’s surprising run to the Champions League final, where they lost 2-0 to Real Madrid, was the major reason for the club’s record income.

Increased TV revenue and merchandising were also factors in the increase.

“This is my 20th annual press conference, and it’s certainly one of the most satisfying ones,” club boss Hans-Joachim Watzke said on Friday.

The actual revenue is likely to be significantly higher, as Dortmund sold English midfielder Jude Bellingham to Real Madrid for 103 million euros during the reporting period.

Dortmund, the only German side floated on the country’s stock market, said they will pay a dividend of six cents per share as a result of the record results.

As with all German football clubs, they must comply with the 50+1 rule, which ensures member control and restricts outside investment or ownership.

Sport

NOW

3 hours ago

Despite crashing out in the group stage at the recently concluded Paris 2024 Olympics, Nigeria remains the top-ranked nation in Africa in women's football after today's update on the FIFA/Coca-Cola Women’s World Ranking. The Super Falcons retain their ranking as the 36th best team in the world and first in Africa, a position they have…

9 hours ago

Mikel Arteta reportedly hired a group of pickpockets to teach his Arsenal stars a valuable lesson and is now planning to steal the Premier League title from Manchester City. READ ALSO:Arsenal, Chelsea in contact with Napoli for Osimhen Arteta's side suffered an agonising end to last season as City pipped them to the trophy…

10 hours ago

The 2024/25 Serie A season gets underway on Saturday when champions Inter Milan travel to Genoa as favourites to retain their league title. READ ALSO:Europa League FalI-Out: I’ve always had confidence in my ability, says Lookman AFP Sport looks at some of the new faces to watch out for ahead of the coming campaign…

10 hours ago

The battle in Africa’s inter-club championships will begin today with three of Nigeria’s best clubs, Enugu Rangers, Remo Stars, and El-Kanemi Warriors among the gladiators.

10 hours ago

Following their impressive performances at the just-concluded Paris 2024 Olympics, women’s 200m and men’s 400m finalists, Favour Ofili and Samuel Ogazi have moved several steps up in the latest World Athletics rankings released on Wednesday evening.

10 hours ago

Two Nigerian stars, Kelechi Iheanacho, and Chidera Ejuke, are set to feature when Las Palmas host Sevilla in a highly anticipated La Liga clash today. Both Iheanacho and Ejuke are looking to rebound from underwhelming seasons and make big statements in La Liga with Sevilla.

11 hours ago

All things being equal, the Super Eagles will have a new coach before the beginning of the 2025 Africa Cup of Nations (AFCON) qualifiers. Nigeria will face Benin Republic, Libya, and Rwanda in Group D of the qualifiers for the 2025 AFCON slated for Morocco.

11 hours ago

Chelsea are reportedly close to agreeing a stunning deal for Victor Osimhen, which would involve two players heading to Napoli in exchange, reports mirror.co.uk.

12 hours ago

The Paris 2024 Olympic Games was supposed to witness Nigeria’s best performance since the 1996 edition, where the country won two gold medals and a few silver and bronze medals.

Visit Source