Bundesliga: Borussia Dortmund to raise €86.5m through capital increase

Borussia Dortmund GmbH & Co KGaA, the commercial company of Borussia Dortmund (Bundesliga), has decided to proceed with a capital increase via the issue of 18,396,220 new shares at a subscription price of €4.70 per share which will enable it to generate gross proceeds of €86.5m, according to the German club on 16/09/2021.

"Once the capital increase has been registered in the commercial register, the issue of the new shares will result in an increase of the share capital from currently €92,000,000.00 by €18,396,220 to €110,396,220. The next steps required for this capital increase are currently being initiated and are expected to be finalized on 08/10/2021," explained Borussia Dortmund.

"With this capital increase, Borussia Dortmund has reached a major milestone in overcoming the economic impact it already had to endure as a result of the pandemic. We intend to use the proceeds from the capital increase primarily to repay financial liabilities and to compensate for potential further losses the company might incur from new and currently unexpected Covid-19-related measures or…