dortmund pays meager dividend on sales
Last Updated : GMT 05:17:37
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Last Updated : GMT 05:17:37
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Dortmund pays meager dividend on sales

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Berlin - DW

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.

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