Dortmund's biggest shareholder unloads five per cent of club's stock

25 February 2020

Witsel
Photo: PA Images However, the company is still the club's biggest shareholder, followed by entrepreneur Bernd Geske, who holds 9.35 per cent of the club's shares.

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.

Emil Gjerding Nielson nielson@offthepitch.com

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. 

Do you want to read this article?

Get instant access by signing up for a 7-day free trial

No credit card, no commitments and it will expire automatically.

You will receive a link that activates your trial in an email.