Bundesliga Champion Borussia Dortmund Reveals Record Revenue Of More Than $270M
Bundesliga club Borussia Dortmund (BVB) "released its financial numbers for the '11 fiscal year and reported a record revenue" of €215.2M ($270.3M), according to the SID. The defending Bundesliga champion and German Cup champion "also generated a profit after taxes of" €34.3M ($43.2M) during last year. The market-listed club "was able to increase revenue by 42% in comparison to the previous year" (€151.5M). For the first time since its stock market launch in '00, the club "will be able to pay an undisclosed amount in dividends to its shareholders." Dortmund Managing Dir Hans-Joachim Watzke said, "That's a reputable result. We continue to grow and see additional growth potential." Watzke added that "half of the club's profits comes from player transfers," such as the Lucas Barros trade to China for €10M and Shinji Kagawa's departure to ManU for €16M. The release of the financial numbers gave the BVB shares a 5% bump, and are currently valued at €2,64 ($3.32) (SID, 8/23).