Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
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
Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
Related coverage
Beijing-based StarTimes seals broadcast rights for Bundesliga
11 Jun 2015
Shandong Luneng signs strategic partnership with Bundesliga’s Dortmund
24 Aug 2017
Schalke cancel summer tour to China, rule trip as unprofitable
10 Jun 2015
Bundesliga club Borussia Mönchengladbach opens office in Shanghai
18 Oct 2018
FC Bayern’s skipper establishes column on China’s Xinhua
08 Dec 2015
More from Yutang Sports
WFDF is ready to fly in Chengdu for the World Games 2025
17 Apr 2024
HealthAccord spotlights mental health and female athlete well-being
08 Feb 2024
SportAccord 2024 - sport as a ‘powerful, transformative tool’ under spotlight at CityAccord
29 Mar 2024
SPORTACCORD 2024 INSIGHTS: Sport’s Perfect Storm
23 May 2024
SportAccord's Interview with Gillian Sanders: Challenges for women in sport
26 Apr 2024
Yutang Sports
loading...