“Deutsche Bank” intends to invest in German football

by times news cr

2024-08-19 23:43:17

According to the German media, “Deutsche Bank” has decided to invest in professional football and will soon acquire a part of the shares of the German vice-champion Borussia Dortmund.

According to the German “Bilanz” magazine, it is about 10 percent of the club’s shares, the value of which is now 235 million euros. The negotiations will be conducted by Hans-Joachim Watzke, the chairman of the management board of “Borussia”, Jürgen Fichen, one of the heads of “Deutsche Bank”, and Rainer Neske, the head of the bank’s procurement department.

The idea of ​​the transaction belongs to the head of the bank, Paul Ahliaitner. He is planning to involve major German companies in the Dortmund team as a shareholder in order to increase the club’s core capital and its financial capabilities to provide a worthy competition to Bayern Munich.

Let’s remind that “Bavaria” shares were recently bought by “Audi” concern and “Allianz” insurance company. It is also reported that there are also those who oppose this idea in the management of the German bank, and today, June 6, the subject of “Borussia” will be discussed at the meeting of the management board.

The Dortmund club has been able to provide a good balance in recent times and strengthen itself in the role of the second club in German football. 2012-2013 turnover of 305 million euros and net income of 51.2 million euros in the season are records for the club.

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