Champion’s Heart

Maybe not everyone knows that as Dortmund's number one shooter in the team for three consecutive seasons, Lewandowski has been officially authorized by the Dortmund club as early as a season, authorizing him to go to the new owner And then, after the end of the season, as long as the opponent's bid is appropriate, Lewandowski can transfer and leave. E-fiction www%w. 1XIAOSHUO. COM

The Dortmund club official also promised Lewandowski that he will definitely not make the Polish shooter difficult on the transfer issue.

I am afraid it is difficult to imagine why the Dortmund club would allow its top scorer to leave the team in this way? Shouldn’t it be normal practice to keep him through renewal?

This has to talk about Dortmund’s fiscal policy, because in the past, because of the generous signing of many stars, the contract was exaggerated, which caused the club’s financial burden to be very heavy. The pressure caused by the salary broke out, causing Dortmund to fall into a serious financial crisis. They had to rely on selling stars to maintain operations and avoid bankruptcy.

At that time, the club's fiscal deficit was as high as 98 million euros!

How hard was Dortmund during that time?

They even borrowed money from rival Bayern Munich!

Bayern Munich lent Dortmund two million euros at an interest rate of 8%.

You know, in the 2ooo year, Dortmund was the only listed club in the Bundesliga. The opening price was 11 euros, and even the general manager of Bayern Munich, Hernes, was attracted to buy a lot of shares in Dortmund. But in the end, due to poor management, Dortmund's club was heavily in debt, and its stock price fell again and again.

In the 2oo3-2oo4 season, because Dortmund, who went to the UEFA Champions League play-off as the third place in the league, was eliminated by Bruges in the play-offs, the Champions League bonus income was ruined. On the stock market, Dortmund's stock fell sharply, hitting a hundred The biggest drop of 16/16, the stock price once fell to 2.38 euros per share. It is Dortmund's lowest share price after listing.

Now that twelve years have passed, Dortmund's share price has not risen to four euros today...

In 2oo2 years, on the one hand, just won the league title, this season to continue to deepen competition with Bayern Munich needs to burn money, on the other hand, the bankruptcy of the Kirch Group brought financial crisis to the Bundesliga team, Dortmund also failed Fortunately, the Dortmund Club, who needed money, put the money-making attention on the sacred and inviolable Temple West stadium in the hearts of Dortmund fans. They sold 94% of the shares of this stadium to The Moores Rees Group, a subsidiary of the Commercial Bank, exchanged 75.4 million euros. At the same time, they obtained the right to continue to use Westfield Stadium at a rent of 17 million euros per year until 2o17.

Dortmund at that time may never think that this will be the last straw that almost crushed them in the future.

2oo5 is the saddest time in Dortmund. At that time, Dortmund was even on the verge of bankruptcy. On March 15, 2oo5, the German Football League will conduct a financial qualification review for each club, but this time, Dortmund’s The debt problem broke out, the key is the debt problem of the Moores Rees Group and Dortmund who bought the stadium, because at this time, there is a debt of 15 million euros between Dortmund and Moores Rees to be due By the way, they must start repaying the money next season.

But Dortmund can no longer afford the money, and if this debt must be repaid, Dortmund must declare bankruptcy. You know, according to statistics, by the middle of 2oo6, the total debt of Dortmund will reach a record high of 134,700,000 euros.

Fortunately, the Dortmund Club and the Moores Rees Group reached an agreement after negotiation. The Dortmund Club received a support rate of more than 75% of Moores Rees. The Moores Rees Group agreed to repay the annual fee that should be repaid from next season. The debt of 15 million euros was postponed.

At that time, the current CEO of Dortmund Club, Hans Watts, had just been in office for a few months.

The success of this negotiation ushered in a key breathing opportunity for Dortmund.

The new club ceo Vatske and Oliver Keren of Morgan Stanley Investment Bank cooperated. Keren noticed that although Dortmund was financially messed up and the results were not good, but the loyalty of the fans was the highest in the Bundesliga. The evidence is the team game At that time, the attendance rate at Westfield Stadium was on the rise.

They then recruited Roland Berger Management Consulting and a team of lawyers and auditors to draft a revival and financial restructuring plan for Dortmund.

They received a loan of 80 million euros from Morgan Stanley Bank for 15 years, of which 51 million was used to repurchase 51% of the ownership of Westfield Stadium, which helped the club greatly reduce In addition to the annual rent payment, the club’s financial pressure has been greatly reduced. Another 20 million was used to balance debts and negotiate with creditors to try to let them postpone the repayment period and lease repayment period of the Dortmund club. The sale of Rosicky, Amorroso and other superstars to earn funds, while canceling their high salary expenditures, all remaining players on the team cut their salaries. Zero or little investment in the transfer market. The contracts of various sponsors were extended. Despite Dortmund’s fans’ objection to the sale of Westfield’s six-year naming rights, the stadium was changed to the name of “Iduna Signal Park”, but this move brought the club a 20 million euro crown Name fee...

All in order to repay the huge debt as soon as possible, so that Dortmund can stand up again.

During the financial crisis, Dortmund was used to tightening his belts, which is what they had to do to survive. In terms of player wages, Dortmund is very stingy. After all, player wages are fixed expenditures every year. It is of course the most effective to use a knife on this.

In fact, as early as 2oo3 years, because Dortmund was eliminated in the Champions League qualifiers, there was news that the club required players to voluntarily reduce their wages by 20%.

Prior to that, Dortmund spent up to 52 million euros on the player’s salary every year. This number can be ranked in the top 32 in the European clubs that year-exactly the number of participating teams in the Champions League. But Dortmund did not qualify for the Champions League.

The high salary investment did not receive a return that matched the achievements and economic interests. It also caused the club to fall into a financial crisis and be overwhelmed.

Later, the club sold their high-wage players and forced other players to reduce their salaries and other means, so that their annual salary expenditures were controlled at around 35 million euros.

But after Wattske took over as the team's CEO, Dortmund started the reconstruction work. The first step is still to reduce the salary-for Dortmund club, the annual salary expenditure of 35 million euros is still an unbearable burden.

In the end, after working hard, the Dortmund club controlled the salary of the first team players to about 28 million euros per year. It is really embarrassing to think about the 52 million euros in Dortmund's "rich" period.

Since then, Dortmund has been very stingy about player wages. When Gotze renewed his contract with the club in 2o12, the annual salary of 4.6 million was the top salary of the first team. Before that, his annual salary was one million euros...

Before Goetze ~www.wuxiaspot.com~ Dortmund's top salary belongs to captain Kyle, three million euros.

You know, just in the just ended 2o12-2o13 season, Dortmund's first team salary expenditure has not yet returned to the level of 52 million euros ten years ago.

It is conceivable that Dortmund today is more tricky in this regard.

It is also because of this "trick" that it is difficult for Dortmund to retain their players.

For example, why did Kagawa go to Manchester United?

On the one hand, Manchester United's attraction to Kagawa Shinji is big enough; on the other hand, when Dortmund and Kagawa Shinji are negotiating the contract renewal, the annual salary issue has been a long time. In the end, due to the intervention of Manchester United, Dortmund awarded Kagawa a new contract with an annual salary of 3 million, which was double the 1.5 million annual salary he received at the time, but Kagawa Shinji still rejected Dortmund and chose to join Manchester United. , With a salary of six million euros per year. This salary is more than double the three million given by Dortmund's teeth!

The problem between Lewandowski and Dortmund is also due to the annual salary...