BVB expects profit again for 22/23 – structure of player salaries should be changed
Hans Joachim Watzke
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BVB expects a profit again for the 22/23 financial year after high losses were reported in the years 2020 to 2022. Meanwhile, the structure of player salaries is to be adjusted.
BVB can finally report a profit for the current financial year. After three years in the red, the club is expecting a profit for 2022/23. “The management is currently assuming a net profit of one to six million euros for the 2022/2023 financial year,” said Borussia Dortmund KGaA.
After the end of the corona measures, Black and Yellow’s income will also increase again. For the current season, “game operations are basically planned without any significant restrictions, so that the revenue from game operations and public catering is likely to increase compared to the previous season,” according to the forecast in the final report for the 2021/22 financial year.
Squad expenses are to be restructured in the future
The fixed costs for the squad are to be reduced in the future. Rather, BVB is planning a lower average basic salary with higher bonus payments. “In the medium term, there will be increased variability in personnel costs in the license area […] aimed at,” it says.
Selling talent remains an important part of the club’s strategy. “The result from transfer activities should make a not insignificant contribution to earnings”. There are a few candidates for this in the BVB squad. Above all, Jude Bellingham, who could bring in more than 100 million euros.
From 2020 to 2022, BVB had to cope with a deficit of more than 150 million euros. This was offset by the resources generated before Corona and a capital increase in autumn 2021. According to the club, the equity ratio is 66 percent. BVB boss Hans-Joachim Watzke promised that the club would “find new revenue strength” in the coming years.
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This article was originally published on 90min.com/de as BVB expects profit again for 22/23 – structure of player salaries should be changed released.