Immediately at the beginning of his remarks at the Virtual General Meeting of Borussia Dortmund GmbH and Co. GAA, Hans-Joachim Wake came to speak on Thursday morning to the most urgent topic of the Bundesliga clubs: the approval of viewers at the upcoming games. All the football persons believe that we need a significant reduction in audience numbers in this phase of the pandemic, said the BVB managing director. For reasons of infection and as a sign in society.
Ghost games — as in Bavaria and Saxony — but rejects Wake. Instead, he welcomed the advance of the NRW state government to limit the viewer capacity to a third and to allow only seating. For the BVB that would mean that the top game against FC Bayern would be allowed on Saturday 26,000 spectators. Wake admitted that such a solution would hurt the BVB would be appropriate.
Wake warns against populism — BVB share price under pressure
However, it is still open, however, where joint and countries will communicate in the Prime Minister Conference on Thursday. Wake therefore appealed to those responsible, to keep in all the seriousness of measure and center — and not that only populism is engaged in being able to distract from own failures. The Bundesliga is ready to compromise and responsible — although the previous games did not turn out as an infectious driver. On the contrary. In the hygiene concepts and controls, the football was very far ahead in Germany. Also included in the valuation.
On the economic development of Borussia Dortmund, the renewed limitation of the viewer capacity has significant influence. Wake explained at the virtually conducted shareholders' meeting, the Covid-19-pandemic has led in recent two years, that our business model could no longer work fully, as the match day revenues were cut off.
He therefore understands that the share price, which was between nine and ten euros before the beginning of the pandemic, has since under pressure, and requested by the shareholders' patience: As long as we have no functioning business model, so do not have a full stadium, as long as it will be remained difficult. On Thursday, the price of the BVB share was 4.24 euros (as of 11.02 clock). Due to the effects of the COVID-19 pandemic on the financial year, this time no dividend is distributed to the shareholders.
Thanks to the recent capital increase, however, the club is debt — despite the losses of 44 million euros or 73 million euros in the past two corona years — told Dortmund's Financial Managing Director Thomas Tree. Financial liabilities — was now — at zero. The funds from the capital increase in October have been used to make Borussia Dortmund weatherproof and resistant to the background of the pandemic, says Tree. We have compensated for financial damages in order not to sustainably burden the competitiveness. The request for approval for new approved capital, he justified in the future to have this tool as security in the suitcase. Wake supplemented: There is currently no planning for another capital increase.
On demand of a shareholder, Wake also said that he wanted to talk to the BVB professionals again about a salary talent, the currently rolling fourth corona wave should last longer.