Borussia Dortmund Pays Out $4.8M In Dividends, First Time Since Flotation In '00
Bundesliga club Borussia Dortmund "will pay dividends to its shareholders for the first time since it went public 12 years ago," according to the DPA. Each shareholder "will receive €0.6 ($0.78) per share from the club." Dortmund "will pay out a total of €3.68M ($4.8M)." Club members "agreed with a huge majority to the club's proposal of paying out dividends at its annual meeting on Monday considering the club's record profit of more than €34M ($43M)" (DPA, 11/26).
LAUGHTER...: The SID reported 2nd Bundesliga club Eintracht Braunschweig "released its financial numbers of the '11-12 fiscal year in which it generated a profit of €1.7M ($2.2M)." The club "was able to increase its equity to €2.1M ($2.7M) by June 30." Braunschweig released its financial numbers at its annual meeting on Monday evening. In addition, the club's revenue increased to €17M ($22M). Club Managing Dir Soeren Oliver Voigt said, "An on-field as well as economically successful year lies behind us, and we are very happy about the result. It confirms our philosophy and paves the way for the next several years" (SID, 11/26).
...AND TEARS: The DPA reported 2nd Bundesliga club Hertha BSC Berlin "released its financial numbers of the '11-12 fiscal year in which it lost €5.9M ($7.6M) before taxes." The club had expenditures of €79.8M ($103.3M) during the last season, including personnel costs of €32.4M ($42M), but generated only $72.5M ($93.9M) in revenue. During the '11-12 season in which the club was relegated to the 2nd Bundesliga, Hertha's "liabilities increased from €34.4M ($44.9M) to €42M ($54.4M)." The €42M in liabilities is the highest figure since '06 (DPA, 11/26).