RCS - Borussia Dortmund - Jude Bellingham close to move to Real Madrid

Borussia Dortmund GmbH & Co KgaAAnnouncement

08/06/2023 08:15

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RNS Number : 0859C
Borussia Dortmund GmbH & Co. KGaA  08 June 2023

Ad-hoc | 7 Juni 2023 16:00

 

Borussia Dortmund GmbH & Co.
(https://www.eqs-news.com/de/company/borussia-dortmund-gmbh-co-kgaa/news/5b767315-ea7c-11e8-902f-2c44fd856d8c)
KGaA
(https://www.eqs-news.com/de/company/borussia-dortmund-gmbh-co-kgaa/news/5b767315-ea7c-11e8-902f-2c44fd856d8c)

Jude Bellingham close to move to Real Madrid

 

 

Borussia Dortmund GmbH & Co. KGaA / Key word(s): Contract Jude Bellingham
close to move to Real Madrid

 

07-Jun-2023 / 16:00 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

 

The player Jude Bellingham ("Player") is close to move from Borussia Dortmund
GmbH & Co. KGaA ("BVB") to Real Madrid C.F. ("Real Madrid"). This is the
today´s mutual agreement in principle of the parties. The contractual details
now have to be coordinated and completed. Moreover, the realization of the
transfer is still subject to the proper and timely processing in accordance
with the provisions of the FIFA Transfer Matching System (FIFA TMS).

 

With realization of this transfer Real Madrid will pay BVB a fixed transfer
compensation in the amount of 103.0 m. EUR. In addition, the payment of
variable transfer fees up to a maximum total amount of around 30% of the
amount of the fixed transfer fee has been agreed. Such variable transfer fees
are dependent on the achievement of certain sporting successes by Real Madrid
and/or sporting successes or performances of the player at Real Madrid in the
period of the next six seasons.

 

As a result of, the management expects a positive effect on the key earnings
figures (EBITDA, EBIT) for the 2023/2024 financial year in an amount of
approx. 77 m. EUR. This amount may further increase subject to the occurrence
of conditions agreed upon for the payment of variable transfer fees.

 

Due to the opening of the FIFA international transfer window from 1 July 2023
onwards and other regulatory association requirements this transfer deal will
not fall in the current 2022/2023 financial year, but in the 2023/2024
financial year.

Dortmund, 7 June 2023

 

 

Borussia Dortmund GmbH & Co. KGaA Borussia Dortmund
Geschäftsführungs-GmbH

 

 

Contact:

Dr. Robin Steden

Inhouse Counsel / Investor Relations

 

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