The most important of the BVB

70 partly very extensive, sometimes plenty of bizarre questions as well as numerous votes in four hours and four minutes: the virtual shareholders' meeting of Borussia Dortmund GmbH and Co. GAA required a lot of patience and strong nerves from the participants — especially by Hans-Joachim Wake, the chairman the management.

The 62-year-old had trimmed to respond to any question in the general debate. However, this was given to him in the face of some views of the shareholders — which from Vision Watches sometimes honorable, sometimes heavy. The million euros summarizes the most important points of the event.

From January, the BVB had calculated with full utilization

The current economic situation of the BVB: by the Corona Pandemic, a major pillar of the Dortmund business model was wavering: the full utilization of the signal IDEA park and the associated revenue. Thanks to a capital increase carried out in October, the losses could be balanced. Financial liabilities are currently zero, said Financial Managing Director Thomas Tree. Also, they have found, Take explained that the BVB lost nothing to his radiance. He referred to the increased revenue in sponsorship, which came to the 125 million-million mark for the first time.

The renewed limitation of the viewer capacity, however, forces the Russia in partial areas to a recalculation. Originally, from January 2022 with a 100% utilization had been calculated. However, this can not be kept due to the rolling fourth wave. Early leaving from the Champions League also cost the club 13.8 million euros, expecting TREES. At the same time he emphasized, there would be potential to compensate for these loss revenues: for example through success in the DFB Cup and the Europa League or Transfers.

Wake calls Europe League title as a new goal

The possibilities of a renewed salary court: Due to the temporary salary value of the professionals and the management rates, BVB divided high sums in the 2019/20 (5.5 million euros) and 2020/21 (8.2 million euros). A renewed salary balance is currently not planned despite the new spectator restrictions, Take said, but kept the opportunity to recall the talks with the professionals in a prolonged fourth wave.

The athletic interim balance: With the sporting state, Wake was largely satisfied at the shareholders' meeting — with the great limitation of Champions League. About, he said, we are very disappointed, that was not a good performance by balance. It's different in the Bundesliga and in the DFB Cup, there is on course. In particular, the 30 points from 13 league games are perfect, as we had struggled with huge injury worship, Wake emphasized, which also explained the first-time profit of the Europa League as a new destination: That's the only title that is the BVB still missing. We have to work about that. Overall, he great trust in Marco Rose, Michael Zorn and his future successor Sebastian Keel, also in the team.

Bavaria's advantage: This makes it very difficult for us

The upcoming game against Bayern: Even if the BVB can now only count on 15,000 spectators and not as hoped with 26,000, Wake called for the anticipation of an extraordinary game. The BVB has the great opportunity to become leaders. One must, which Bavaria has to be left behind this time in the championship, but the chairman of the management did not want to speak as expected: I'm not a friend of having to drive each other. Everyone here would be happy if the title phalanx of Bavaria broke up will, Wake said, referring to around 100 million euros, which the Munich would be more in her squad. You have to accept that it will be very difficult for us.

BVB | History of Borussia Dortmund | Always Working Hard!

The rebellion of the Supervisory Board: Since Herd Piper had to leave the Supervisory Board from the Supervisory Board for health reasons, this body was new to occupy: Shareholders followed the proposal of the Supervisory Board, the Bochum Economist Prof. Dr. med. Bernhard Pellets reorganize. He was elected with 86 percent yes votes.

Further capital increase possible — BVB wants to be climate-neutral in the future

The share price: Upon termination of the shareholders' meeting, the BVB share stock market price was 4.17 euros — and thus 1.74 percent lower than at the beginning of the trade on Thursday. Tree explained the current recovery value with the Corona Pandemic, the recent capital increase in October and the out of the Champions League. According to his opinion, BVB is actually one billion euros value, the asset of the share therefore rather a bargain. Before the beginning of the Corona pandemic, the course had been left at more than nine euros. At that time, dividend payments were common — this time they renounced this time.

The possibility of another capital increase: in agenda item 8 was tailored to the possibility of another capital increase. The participating shareholders blessed the proposal. Thus, for the management to increase until 18 November 2025, the option to increase the capital. This is planned, according to Wake and do not work right now, but you want to keep the toolbox open for the future.

The sustainability efforts of the club: Numerous questions of the shareholders turned to the topic of sustainability. Wake stressed that it was a great goal of the club to work climate-neutral in the future. Managing Director Carsten Crater said in the General Debate, Borussia Dortmund led for many years efforts to increase sustainability. For example, a photovoltaic system on the stadium roof has been in operation for ten years. Also, tests ran straight to produce fan articles more ecological. I believe, Cram showed confident, that I can give a more positive feedback on these questions over the next few years.

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