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Report: BVB's Sponsors to Buy Stakes

  • Reuters, Thursday, August 21, 2014 5:27 PM

Borussia Dortmund on Thursday announced that the club would issue up to 24.5 million shares in a capital increase worth up to 114.4 million euros ($152 million), to boost the club’s finances and reduce its debt. According to Reuters, sponsors Puma, Evonik and Signal Iduna will buy a stake as the Bundesliga giant raises funds to compete with Bayern Munich, the German league champion.

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