Natural mineral water brand Alps sign three-year partnership with BWF
21 Aug 2019 20:30
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
Related coverage
Guangzhou R&F collaborates with VfB Stuttgart
12 Oct 2018
Executives of Hertha BSC Berlin fly to China for negotiations with investor
23 Mar 2017
Wolfsburg unveil Chinese youth training project
20 May 2016
Bundesliga International and PP Sports arrange Klinsmann visit to China
16 Apr 2019
ZTE sponsors Borussia Mönchengladbach
16 May 2016
More from Yutang Sports
SportAccord Bronze Partners Make Their Mark on Global Stage
08 Mar 2024
Discover the SportAccord Summit sessions!
31 Jan 2024
WFDF is ready to fly in Chengdu for the World Games 2025
17 Apr 2024
Squash will be significantly boosted by LA28 inclusion
17 Apr 2024
VivaTech takes the stage as the world's leading event for tech and startups
19 Jun 2023
Yutang Sports
loading...