Executive Transactions Names In The News FFA Records $6.2M Profit For '13-14 La Liga Valencia Discards New Bat Logo Qatar Reveals Third WC Stadium Design Qatar Looks To Enter F1 Circuit Healthpoint Partners With Man City Sony Reportedly Will Not Renew FIFA Deal Portsmouth To Host America's Cup Races BBC To Show All FIFA Women's WC Games
SBD Global/August 15, 2014/FinancePrint All
Borussia Dortmund recorded a double-digit million profit for the third year in a row and exceeded even its own sales target. Club CEO Hans-Joachim Watzke and CFO Thomas Treß made the announcement at Dortmund's annual press conference regarding the preliminary results of the fiscal year '13-14. Watzke said, "Borussia Dortmund once again kept its word. After a sales and earnings situation significantly driven by player transfers in the preceding financial year 2012-2013 -- and in which an all time record in terms of profit in the Bundesliga could be achieved -- we set ourselves, as is known, an ambitious target: To pass the revenue mark of €250 million ($334M) in the fiscal year 2013-2014 without any transfer deal." In the past fiscal year '13-14 (July 1, 2013-June 30, 2014), Borussia Dortmund recorded revenues of €260.7M in the group to which BVB Merchandising GmbH belongs, among other things. Profit after taxes amounted to €12.0M in the group. Borussia Dortmund GmbH & Co. KGaA achieved revenues of €223.8M in the individual financial statement and recorded a profit after taxes of €10.6M (Borussia Dortmund).
Portuguese football side Sporting Lisbon said it will "scrap agreements with the Doyen Sports player investment fund because the firm has been trying to arrange the sale of defender Marcos Rojo without its authorization," according to Tariq Panja of BLOOMBERG. Sporting, an 18-time Portuguese champion, will "rescind contracts Malta-registered Doyen had in Zakaria Labyad and Rojo, who played for Argentina at the World Cup and is refusing to train" amid interest from ManU. Doyen Sports owns 75% of Rojo's economic rights and "will get the same percentage of any transfer fee." Doyen "denied any interference." Doyen CEO Nelio Lucas "sent text messages to Sporting's president pressuring him to sell Rojo," according to a Sporting statement. The club alleged that "Lucas said in a text that Rojo 'will start problems' should he not be allowed to leave." Under FIFA's regulations, "third-party investors like Doyen can't influence trades" (BLOOMBERG, 8/14).