MANAGEMENT REPORT The COVID-19 pandemic is also affecting As one season draws to a close it is customary for marketing income in UEFA club competitions. In season tickets go on sale for the next season, but as order to limit the financial impact of losses caused in the previous year this had to be put on hold due by the pandemic on the clubs participating in UEFA to the continuing uncertainties surrounding stadium club competitions in the 2019/2020 season, UEFA capacity in 2021/2022 in the wake of COVID-19. has decided to compensate for the income shortfall by cutting future payouts to participating Other clubs over five seasons (from the 2019/2020 to In December 2020, Borussia Dortmund parted ways the 2023/2024 season). with head coach Lucien Favre after two and a half For the 2024/2025 season, the UEFA Champions years. His assistant coach Edin Terzic took over as League will follow a new format. A total of 36 teams interim head coach until the end of the season. He will compete in a single league, signalling a was assisted by Sebastian Geppert, who until then departure from the current format's 32-team group had coached the U17 squad, and Otto Addo, who stage. This will likely further boost the international coaches BVB's top talents. TV marketing income generated from competing in the UEFA Champions League. From the 2021/2022 season onwards, Marco Rose from Bundesliga rivals Borussia Mönchengladbach Match operations will take over as new head coach at Borussia Due to the functional health and safety protocol, Dortmund, while Edin Terzic has extended his there were no interruptions to the past 2020/2021 contract through to 30 June 2025 and will be season. assuming the newly created role of technical In contrast to the original regulation, under which director. spectators were excluded from matches until 31 October 2020, Borussia Dortmund was able to Borussia Dortmund remains committed to continuity welcome back a limited number of spectators for its among its sporting management and extended the home matches against Borussia Mönchengladbach, contract with its head of the professional squad FC Schalke 04 and SC Freiburg at the beginning of Sebastian Kehl early until 30 June 2025. Sebastian the season. All subsequent home matches had to be Kehl will take over from Michael Zorc as sporting played behind closed doors due to the pandemic. director from 1 July 2022. Borussia Dortmund also This had a massive impact on the earnings potential extended the contract with its youth academy of match operations. director Lars Ricken early until 30 June 2025. 39