Borussia Dortmund – executive interview

In this interview, Thomas Tress, CFO of Borussia Dortmund, discusses the recent Q221 trading update that indicated higher profitability against a background of modestly weaker revenue due to COVID-19 and how he thinks the company is performing relative to other clubs. He goes on to talk about how the club and industry are likely to recover after the pandemic and whether there are any near-term changes to contracts for Borussia Dortmund’s key revenue streams. Against the challenging backdrop for revenue, Thomas then discusses how the company has addressed the cost base to improve profitability y-o-y and how cash has been managed. He ends the interview by commenting on whether there are any potential long-term effects on the business from COVID-19 and how the company’s financial profile will be managed with some insight on how transfers may develop as the industry recovers from the effects of the pandemic.

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