Capital expenditure and financial planning
The highest priorities for developing the club's core business will be making the club more competitive and improving its infrastructure.
Borussia Dortmund is currently pursuing an extremely passive transfer policy on account of the economic slump brought about by the COVID-19 pandemic. Even planned investments in
SIGNAL IDUNA PARK are being postponed until further notice.
In order to mitigate and avoid financial risk, Borussia Dortmund in principle pursues a conservative and extremely prudent capital expenditure strategy and will not count on any uncertain sporting successes.
Expected liquidity trend
Based on the assumptions made, Borussia Dortmund expects cash flows from operating activities of EUR 34 million in financial year 2020/2021. Free cash flow is expected to amount to EUR -34 million.
This figure is subject to change due in particular to transfer deals or if actual events differ from the forward-looking statements in the forecast concerning the club's sporting success or on account of the effects of the COVID-19 pandemic.