The pandemic wreaks havoc on Borussia Dortmund’s accounts: losses of 75 million euros

Erling Haaland celebrates a goal

The Borussia Dortmund German foresees losses of about 75 million euros for the current fiscal year as a consequence of the coronavirus pandemic.

Despite the negative result, to be confirmed after the close of the fiscal year on June 30, Dortmund reported that they were able to limit it by qualifying for the Champions League and winning the German Cup.

Like the rest of the clubs in the Bundesliga, Dortmund were only able to receive a restricted number of fans in their stadium until October, before having to play the rest of the season behind closed doors.

The club’s managing director, Hans-Joachim Watzke, had announced a deficit of between 70 and 75 million euros at the last shareholders meeting held in autumn, although even then he did not rule out that this could be greater. At the time, the annual report was still confident of a possible stadium occupancy rate of 20 percent. The usual number of spectators on the Dortmund pitch is 81,000 people per game.

While in the fiscal year of the 2019-20 season the German club already registered a deficit of 43.9 million euros, in the previous 2018-19 it obtained a profit of 17.4 million euros after invoicing about 490 million euros.

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