Borussia Dortmund pays disappointing dividend | Business| Economy and finance news from a German perspective | DW | 11.09.2012
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Borussia Dortmund pays disappointing dividend

German soccer champions and cup winners, Borussia Dortmund, saw profits surge four times in the 2011/2012 season. But the club's huge debt keeps fans of the stock market from cheering a solid return on investment.

Borussia Dortmund was able to boost sales to a total of 191 million euros ($243 million) in the 2011/2012 German soccer season, posting a 34.3-million-euro net profit, the German soccer champions announced Tuesday.

In the season - which saw Borussia Dortmund win the Bundesliga championship for a second time in a row, in addition to becoming national cup winners - sales were primarily driven by a "surge" in income from broadcasting rights, as well as from a series of "lucrative" transfers of players.

The club, which is Germany's only publicly listed soccer team, said it was able to reduce its debt by 15.5 million euros to a total of 40.6 million in 2012.

However, shareholders in the club would get just six euro cents per share, Borussia Dortmund said, as only about 11 percent of the profit - approximately 3.7 million euros - would be paid out as dividend.

As a result, Borussia Dortmund shares dropped half a percentage point to 2.56 euros on the Frankfurt Stock Exchange Tuesday, underlining that the stock - issued at 11 euros per share in 2000 - might just be a good investment for die-hard Dortmund supporters.

uhe, cpp (Reuters, dpa)