Borussia Dortmund expect losses of up to 45 million euros due to coronavirus pandemic

The coronavirus pandemic has hit Borussia Dortmund hard, with the club anticipating a huge shortfall in the current financial year.

Borussia Dortmund announced in a statement on Monday that the club is expected to make earnings of 62 million euros before taxes for the entire financial year. However, as a direct result of the coronavirus pandemic, the Black and Yellows have also confirmed that they are expecting losses of around 45 million euros.

Further losses for Bundesliga and 2. Bundesliga clubs were prevented as the two leagues were able to resume the 2019/20 season last month. Without the restart, it was reported that the existence of many smaller clubs in the two leagues would have been threatened.

But with matches being played behind closed doors, and without the 80,000+ supporters to cheer the team on at the Signal Iduna Park, the coronavirus pandemic has has had a significant impact on all of Borussia Dortmund’s revenue and income fields. Reductions in advertising, VIP hospitality revenues, as well as the slump in the transfer market have also played a role in the losses.

The statement also confirmed that Borussia Dortmund ‘are well equipped to bear these losses’, as a result of their strong earnings in recent financial years, and in the period leading up to the coronavirus pandemic.

The Bundesliga campaign, which ended last weekend, saw Borussia Dortmund finish second in the league table behind Bayern Munich. Last week, a new TV deal was made official which will see Bundesliga clubs receive 4.4 billion euros over four years, a fall of 200 million euros on the previous deal.