The consequences of the COVID-19 pandemic will continue to have adverse effects in the coming 2021/2022 financial year. Due to the positive results of operations in the financial years prior to the COVID-19 pandemic, stable equity of EUR 232,637 thousand (which corresponds to an equity ratio of approximately 51.64%) as at 30 June 2021 despite the consolidated net loss for the year, and the Company’s long-term focus, Borussia Dortmund considers itself prepared to handle the still uncertain economic situation. The management is continuously reassessing the situation as it pertains to the COVID-19 pandemic.