Borussia Dortmund announce capital increase of €114.7m, with 71.69% reserved for three partners

Borussia Dortmund (Bundesliga) announced a capital increase through the issuance of 24.55m shares valued at €4.66 each, or €114.7m in total, onto the Frankfurt Stock Exchange (Germany) on 21/08/2014.

17.6m of these shares (or 71.69% of the increased capital) are reserved for three of Dortmund's partners: the German kit supplier Puma; Evonik Industries, an industrial supplier of petrochemicals (shirt sponsor); and the German insurance company Signal Iduna. All three companies have given the German club "binding undertakings" to buy those shares, said the club, which has been listed on the stock exchange since 2000 (and is only exchange-listed German club).

"By potentially acquiring up to 5% of their capital stock through the planned capital increase announced today by Borussia Dortmund, Puma seeks to underpin its long-term, strategic partnership and to intensify the cooperation with one of Germany’s top clubs," said Puma on 21/07/2014; the kit supplier has been linked to Borussia Dortmund since 2012-13 and will remain with them through the 2019-20 season.

€40m from the capital…