Borussia Dortmund post healthy returns despite poor season
Borussia Dortmund posted a net profit of 5.5 million (US$6.2m) euros for the 2014/15 season on Friday despite a low key campaign.
Berlin: Borussia Dortmund posted a net profit of 5.5 million (US$6.2m) euros for the 2014/15 season on Friday despite a low key campaign.
Champions League finalists in 2013 they were knocked out of the competition in the last 16 by Juventus last season.
On the home front, they were bottom of the German league table in February, eventually finishing seventh and outside the places for European football`s top domestic competition.
Despite that Dortmund have still seen a 13 percent increase in sales to 276 million euros (up from 260.7 the previous year) with an operating profit of 55.6 million with a net income of 5.5, down from the previous year`s figure of 12 million euros.
The figures were announced at a press conference on Friday after their stunning 4-3 comeback on Thursday at Norway`s Odds BK in their Europa League first-leg play-off.
"Against the backdrop of being knocked out of the Champions League early, finishing seventh in the German league and from the associated loss in TV revenue and performance-based premiums of our sponsors, we are extremely satisfied with this result," said Dortmund`s financial director Thomas Tress.
Dortmund CEO Hans-Joachim Watzke said the club`s goal is to "invest everything we make into our football in the future", but repeated his pledge to never go back into debt having helped save the club from the brink of bankruptcy in 2005.
Borussia have won all five of their competitive matches so far this season under head coach Thomas Tuchel.