Bundesliga Club Borussia Dortmund Reveals Lower Profits During First Quarter Of '13-14
Bundesliga club Borussia Dortmund "revealed lower profits than last year despite increased income from advertising, player transfers and merchandising," according to the DPA. Dortmund's revenue "has notably increased during the first quarter of the '13-14 fiscal year." The club said that its revenue increased by about 15% to €59.5M ($80M). However, Borussia's operative result before taxes and interest of €2.3M ($3.1M) is 45% lower in comparison to last year. The club's profit "also was only half as high as during the previous year," with close to €1.4M ($1.9M). The club said that "one of the reasons for the lower result is improvements to its roster" (DPA, 13/11).