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  4. Borussia Dortmund
Borussia Dortmund logo
Sports

Who Owns Borussia Dortmund?

Borussia Dortmund is owned by Borussia Dortmund GmbH & Co. KGaA (XETRA: BVB), a publicly traded German company in which the member association Borussia Dortmund e.V. holds a majority stake and management control. Founded in 1909 in Dortmund, Germany, the club has won 8 Bundesliga titles and the 1997 UEFA Champions League. For the 2024/2025 financial year, Borussia Dortmund reported record consolidated revenue of EUR 526 million and net profit of EUR 6.5 million. The club qualified for the Champions League for the 10th consecutive season.

Parent Company

Borussia Dortmund GmbH & Co. KGaA

Founded

1909

Status

Publicly Traded

Headquarters

Dortmund, Germany

mid rangemass marketEuropeOfficial Website

Who Owns Borussia Dortmund?

  • Parent Company: Borussia Dortmund GmbH & Co. KGaA
  • Ownership Type: Public majority
  • Company Type: Publicly Traded
  • Stock Ticker: Frankfurt Stock Exchange: BVB
BrandParent CompanyOwnership Type
Borussia DortmundBorussia Dortmund GmbH & Co. KGaAPublic majority

Where to Buy

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AmazonBorussia Dortmund on Amazon

History of Borussia Dortmund

  • Founded: 1909
  • Founders: Franz Jacobi

Borussia Dortmund was founded on December 19, 1909, by Franz Jacobi and other members of a local Catholic youth group at the Zum Wildschutz pub in Dortmund. The founders rebelled against the local priest, who did not allow football to be played in the parish youth group. The name "Borussia" is the Latin name for Prussia.

The club won its first national championship in 1956, followed by another in 1957 and a third in 1963. These early successes established Borussia Dortmund as one of Germany's prominent football clubs. The club also won the European Cup Winners' Cup in 1966, becoming the first German club to win a European trophy.

Borussia Dortmund was a founding member of the Bundesliga in 1963. The club's first Bundesliga title came in the 1965/1966 season. However, the club experienced a period of decline in the 1970s and 1980s, including relegation to the second division in 1972. The club returned to the Bundesliga in 1976 and gradually rebuilt its competitive standing.

The club's golden era came in the mid-1990s under coach Ottmar Hitzfeld. Borussia Dortmund won back-to-back Bundesliga titles in 1995 and 1996, and in 1997, the club won the UEFA Champions League by defeating Juventus 3-1 in the final at Munich's Olympiastadion. The same year, the club won the Intercontinental Cup by defeating Cruzeiro of Brazil.

In 2005, the club faced near-bankruptcy due to financial mismanagement and the collapse of the Molsiris real estate fund, which owned 94% of the Westfalenstadion. The club was saved only after 94.4% of creditors approved a bailout plan that deferred stadium rent payments and provided access to EUR 43 million in cash deposits. This crisis led to the appointment of Hans-Joachim Watzke as chief executive, who oversaw a dramatic financial recovery over the next two decades.

Under coach Jurgen Klopp, Borussia Dortmund won back-to-back Bundesliga titles in 2011 and 2012 and reached the Champions League final in 2013, losing to Bayern Munich at Wembley Stadium. The Klopp era established Dortmund's reputation for attacking football and passionate supporter culture.

The club reached the Champions League final again in 2024 under coach Edin Terzic, losing to Real Madrid. In the 2024/2025 season, Niko Kovac replaced Nuri Sahin as head coach in January 2025 after the team dropped to 11th place in the Bundesliga. The club recovered to qualify for the Champions League on the final match day, extending its streak of consecutive Champions League qualifications to 10 seasons. Borussia Dortmund also reached the quarter-finals of the 2025 FIFA Club World Cup held in the United States.

About Borussia Dortmund GmbH & Co. KGaA

Is Borussia Dortmund publicly traded?
Yes, Borussia Dortmund GmbH & Co. KGaA is publicly traded on the Frankfurt Stock Exchange under the ticker symbol BVB. Key shareholders include Evonik Industries (approximately 9.8%), Bernd Geske (approximately 9%), Signal Iduna (approximately 5%), Puma SE (approximately 5%), and Ralph Dommermuth (approximately 5%).

What is Borussia Dortmund's annual revenue?
For FY2024/25 (ended June 30, 2025), Borussia Dortmund reported record consolidated revenue of EUR 526.0 million, up 3.3% year over year. EBITDA was EUR 115.9 million and net profit was EUR 6.5 million. Consolidated total operating proceeds including transfer fees were EUR 589.6 million.

Has Borussia Dortmund won the Champions League?
Yes, Borussia Dortmund won the UEFA Champions League in 1997, defeating Juventus 3-1 in the final. The club also reached the Champions League final in 2013 (losing to Bayern Munich) and 2024 (losing to Real Madrid). In 2024/25, the club reached the quarter-finals.

What is the 50+1 rule?
The 50+1 rule is a German football regulation that requires the registered club (the member association) to retain majority voting control over the commercial entity. This ensures that fans and members have the ultimate say in major club decisions, even though Dortmund is publicly traded.

Who is Borussia Dortmund's head coach?
Niko Kovac became head coach in January 2025, replacing Nuri Sahin. Kovac led the team to a strong finish that secured Champions League qualification for the 2025/26 season on the last match day of the Bundesliga.

What is Signal Iduna Park?
Signal Iduna Park is Borussia Dortmund's home stadium in Dortmund, Germany. With a capacity of 81,365, it is the largest football stadium in Germany. The stadium's South Stand, known as the Yellow Wall, holds approximately 25,000 standing supporters and is one of the most iconic terraces in world football.

  • Founded: 1909
  • Headquarters: Dortmund, Germany
  • Company Type: Publicly Traded
  • Stock: Frankfurt Stock Exchange: BVB
  • Revenue: EUR 526.0 million (FY2024/25)
  • Employees: Approximately 1,400

Visit Borussia Dortmund GmbH & Co. KGaA website

View full company profile for Borussia Dortmund GmbH & Co. KGaA

Where Is Borussia Dortmund Made / Based?

  • Headquarters: Dortmund, Germany

Borussia Dortmund Categories & Tags

FootballBundesligaGerman FootballDortmundSports Club

Borussia Dortmund Sustainability & Ethics

Borussia Dortmund became the first Bundesliga club to commit to the Science Based Targets initiative (SBTi) in 2024, setting CO2 emission reduction targets aligned with the Paris Climate Agreement. The club aims to have these targets validated by SBTi, providing independent verification of its climate commitments.

The club has installed photovoltaic systems on the roofs of the BVB Fanwelt and the BVB Evonik Football Academy, with battery storage solutions. Heat pump installations at the academy and continuous LED lighting upgrades throughout Signal Iduna Park contribute to energy efficiency. The club's decarbonization strategy focuses on electrification of processes, conversion from fossil fuels to renewable energy sources, and connecting properties to district heating networks.

Borussia Dortmund monitors emissions across three scopes, with over 90% coming from Scope 3 activities including fan travel, purchased goods and services, and business trips. The club is developing an emission reduction plan for its supply chain, working with suppliers and partners to promote sustainable practices.

The club's community engagement programs support local development projects in Dortmund and the Ruhr region. Borussia Dortmund promotes social inclusion through sports and maintains initiatives focused on youth football, education, and anti-discrimination. The club's foundation, the BVB Stiftung (Leuchtende Augen e.V.), coordinates charitable activities.

No specific carbon reduction targets or timelines have been publicly disclosed beyond the SBTi commitment. The club has not reported achieving carbon neutrality or net-zero status.

Borussia Dortmund Recalls & Controversies

Near-Bankruptcy (2005): Borussia Dortmund faced imminent insolvency in 2005 due to financial mismanagement and the collapse of the Molsiris real estate fund, which owned 94% of the Westfalenstadion. The club was saved only after 94.4% of creditors approved a bailout plan that deferred stadium rent payments and provided access to EUR 43 million in cash deposits. This crisis fundamentally reshaped the club's financial management approach and led to the appointment of Hans-Joachim Watzke as chief executive.

Team Bus Terrorist Attack (April 2017): Borussia Dortmund's team bus was targeted in a terrorist attack near the Westfalenstadion before a Champions League quarter-final match against Monaco. Three explosive devices were detonated as the bus departed the team hotel. Defender Marc Bartra was injured by shrapnel. The attacker, Sergej Wenergold, was later convicted and sentenced to 14 years in prison. The attack led to increased security protocols across German football.

Bundesliga Title Collapse (2022/2023): Borussia Dortmund entered the final match day of the 2022/2023 season two points clear of Bayern Munich at the top of the Bundesliga table. A win against Mainz 05 would have secured the club's first Bundesliga title since 2012. The club drew 2-2 after falling behind 2-0, while Bayern Munich won their final match, snatching the championship on goal difference. The match is considered one of the most painful moments in the club's history.

Champions League Final Loss (2024): Borussia Dortmund reached the Champions League final in 2024 under coach Edin Terzic but lost 2-0 to Real Madrid at Wembley Stadium. Despite a strong defensive performance for much of the match, second-half goals from Dani Carvajal and Vinicius Junior secured the title for Real Madrid. The loss continued the club's pattern of falling short in major finals.

Coaching Instability: The 2024/2025 season saw Nuri Sahin appointed as head coach in summer 2024, only to be replaced by Niko Kovac in January 2025 after the team dropped to 11th place in the Bundesliga. This coaching change continued a pattern of frequent managerial turnover that has drawn criticism from supporters and media.

Player Sales and Competitive Ambition: The club's model of developing and selling world-class talent has drawn criticism from fans. The sale of Jude Bellingham to Real Madrid in 2023, followed by Bellingham's immediate success and Champions League triumph with Real Madrid, exemplified the tension between financial pragmatism and competitive aspirations. Supporters have questioned whether the club can win major trophies while consistently selling its best players.

Leadership Transition (2025): The departure of long-serving CEO Hans-Joachim Watzke in 2025 marked the end of an era. Watzke oversaw the club's transformation from near-bankruptcy to record revenues over 21 years. His departure raised questions about continuity and future strategic direction during a critical period for the club's competitive positioning.

Borussia Dortmund Ownership: Pros & Cons

Advantages

  • +Member majority control ensures the club serves supporter interests rather than purely financial returns
  • +Public trading provides access to capital markets for investment in players and infrastructure
  • +KGaA structure protects against hostile takeovers by external investors
  • +Strong supporter base with the highest average attendance in German football (approximately 81,000)
  • +Consistent Champions League qualification (10 consecutive seasons through 2025/2026)
  • +Record revenue of EUR 526 million demonstrates commercial strength

Considerations

  • -Public trading creates pressure to deliver financial results alongside sporting success
  • -Revenue gap with Bayern Munich limits competitive spending power in the transfer market
  • -Business model reliant on selling star players creates tension with supporter expectations
  • -Complex governance structure requires coordination between the e.V. and public shareholders
  • -Coaching instability has disrupted sporting continuity in recent seasons
  • -Leadership transition following Watzke's departure in 2025 creates strategic uncertainty

Frequently Asked Questions About Borussia Dortmund

Sources & Further Reading

  • Borussia Dortmund Annual Report 2024/2025 -
  • Borussia Dortmund 2025 Balance Press Conference -
  • Borussia Dortmund Supervisory Board Report 2024/2025 -
  • Borussia Dortmund Revenue Trend Report -
  • Borussia Dortmund Official Website -
  • Borussia Dortmund Investor Relations -
  • Bundesliga Official Website -
  • UEFA Champions League Official -
  • Transfermarkt Borussia Dortmund -
  • Deloitte Football Money League -
  • Wikipedia, Borussia Dortmund -

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Market Positioning: Borussia Dortmund competes with 6 brands in the same categories, ranging from mass market to luxury positioning.

Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.

Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.

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Last reviewed: August 1, 2026 · Reviewed by Who Brands Editorial Team