Borussia Dortmund
Publicly listed AG, Signal Iduna Park, Germany's largest stadium — the numbers behind BVB
IN PROGRESS
This analysis is being populated with data from BVB annual reports and Bundesanzeiger.
Borussia Dortmund is the only listed Bundesliga club and thus the league's most transparent entity. Quarterly reports, annual reports, IR presentations — all public. Signal Iduna Park with 81,365 seats generates the highest matchday revenue in the Bundesliga. But Germany's largest stadium is also its biggest leverage risk: 81,000 empty seats upon relegation would mean the league's largest revenue crash.
Module 1: Club P&L
Data loading — BVB Annual Report 2024/25
Module 2: Adjusted Balance Sheet
Stadium DCF and Squad NAV in progress
Module 3: DFL Compliance
Distance to Default in progress
Module 4: Transfer Firepower
Net transfer budget in progress
Module 5: Structural Risk Score
5-dimension score in progress