Borussia Dortmund confirms buyout offer from Chinese enterprise

According to news from the German prestigious journal Capital, the Chinese group Fosun International has sent buyout offers to several Bundesliga football clubs, one of which is Borussia Dortmund. At present Borussia Dortmund is the only Bundesliga football club listed on the Stock Exchange. Fosun International is the owner of Wolverhampton Wanderers Football Club in the English Football League Championship. Recently Borussia Dortmund has confirmed this news from Capital.

However, there is a strict limit on the foreign capital due to the “50+1” rule of the Bundesliga. In Germany over 50% of a football club’s shares must be held by its members. This rule makes the acquisition of a German football club by foreign capital very complicated. 

When the Finance Manager of Borussia Dortmund was interviewed by the local Ruhr magazine Reviersport, he indicated that Borussia Dortmund has just been having exploratory talks on the tourism business with Fosun International. As for the buyout offer from Fosun Internatioal, he also clarified that Borussia Dortmund won’t accept the request from Fosun International, who tried to increase capital investment in order to gain a majority shareholding in Borussia Dortmund.

Source: Sohu 

Proofread by Sean O Diobhilin