Expected financial position

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 a more active transfer policy, although transfer expenses will generally only be incurred in the same amount as the offsetting transfer income. Likewise, promising investments will once again be made in digitalising and modernising SIGNAL IDUNA PARK. Nevertheless, the ongoing COVID-19 pandemic and the war in Ukraine will continue to impact the Company’s investment activities.

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

Due to the assumptions made, Borussia Dortmund expects cash flows from operating activities in financial year 2022/2023 to amount to EUR 45,000 thousand. 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 and the war in Ukraine. Free cash flow is expected to amount to EUR 0 thousand.

22nd match day / 13.02.2022

Union Berlin - BVB 0:3

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