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Borussia Dortmund denies share issue was used to payoff debt

Germany - 20 December, 2004
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The 1.Bundesliga club dismissed claims that its recent share issue was used to pay off part of its debt. According to media, the Eu24m raised in a share issue in October would be used to cover some of the Eu119m debts, but club officials insists that the new issue of capital is going to be used for the repurchase of its stadium, which the club had sold to Commerzbank.
Source: euFootball.BIZ © Copyright 2006 - All rights reserved.

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