BORUSSIA DORTMUNDGmbH & Co. Kommanditgesellschaft auf Aktien, Dortmund speaking out against racism and discrimination as Passing these costs on to the Bundesliga clubs well as by working to combat right-wing attitudes, would present an earnings and liquidity risk for anti-Semitism and hate speech and to ensure that those clubs, Borussia Dortmund included. the lessons of the past are never forgotten, Borussia Dortmund will continue to fulfil its social The categorisation of social media activities as a responsibility by ensuring that the atmosphere in high-priority risk reflects the fact that new and outside the stadium is welcoming, cosmopolitan technologies not only have potential for and diverse. development, but also harbour risk potential. Social media is no longer used solely for The increased willingness of certain individuals to communicating with fans and followers, but commit violence and defame and insult others at increasingly also serves as an advertising platform stadiums is a risk that will continue to require the for marketing and sponsoring-related activities. utmost attention. Fan violence continued to plague Borussia Dortmund has vastly expanded its digital football in the reporting period, even if the 2020/2021 presence, among other things due to the season was mostly played behind closed doors. restrictions placed on direct contact with fans as a Prevention efforts and security plans put in place in result of the ongoing COVID-19 pandemic. the previous season ensured that potentially violent In order to safeguard the Company's image and groups were identified in advance, helping to prevent prevent the unauthorised disclosure of internal altercations to the greatest extent possible. Borussia information, all Borussia Dortmund employees Dortmund will continue to counter this risk with must adhere to the Company's social media enhanced security checks, camera surveillance, guidelines. stadium bans and criminal complaints. Additional stadium safety measures will continue to include Category 4 – competitive risk specific structural changes to entrances going Competitive risk relates to factors stemming from forward. Furthermore, Borussia Dortmund and competition in the domestic and international other clubs from North Rhine-Westphalia signed up professional football business. to "Stadionallianz gegen Gewalt" in the reporting period, a joint initiative with the police to more This category includes seven high-priority risks: rapidly identify and isolate perpetrators, and bring them to justice. Interruptions to match operations can have immense economic ramifications because nearly In connection with the dispute about who should all of Borussia Dortmund's sales categories are cover the costs of providing security at home dependent on or influenced by match operations. matches, the clubs of the first and second The ongoing COVID-19 pandemic has underscored Bundesliga divisions voted on 3 December 2019 that how economically dependent the club is on a the costs incurred by the Bremen police should be trouble-free season. The 2020/2021 season was borne in full by SV Werder Bremen. The clubs also completed without major scheduling issues resolved that SV Werder Bremen could defer a thanks to the systematic implementation of DFL's partial amount of 50% until a final ruling on the legal health and safety protocol – even if the majority dispute was issued by the Federal Constitutional of matches were played behind closed doors. Court, and to reject a fund model of any kind. 72