Dortmund's biggest shareholder unloads five per cent of club's stock
25 February 2020
Chemical company Evonik has sold shares worth around €35 million but remains the biggest shareholder of the club.
Also the club's shirt sponsor since 2006, the company recently committed to a split of its deal with the club, meaning that from next season Dortmund will have two alternating main shirt sponsors.
Dortmund's biggest shareholder, chemical company Evonik, has sold 4.95 per cent of the club's stock, valued at around €35 million, as the company continues with an expense reduction plan that will see it sell assets worth around €200 million ahead of 2021.
Evonik started sponsoring Dortmund, listed on Germany's Xetra stock exchange, in 2006 and in 2014 acquired a nine per cent stake in the club. The company subsequently increased its holding to 14.8 per cent, now reduced to 9.83 per cent by the sale.
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