GROUP MANAGEMENT REPORT agreements that are set to expire by leveraging its pipeline of talented youngsters for the senior team. In the past season, Youssoufa Moukoko, Ansgar appeal to sign lucrative new contracts. Knauff and Steffen Tigges, another three of the club's youth standouts, made the jump to the For Borussia Dortmund, the potential return of at senior side and helped the team with their youthful least some spectators to SIGNAL IDUNA PARK in exuberance. Other talented youngsters are also the 2021/2022 season is a massive opportunity, set to make the senior team. in particular to interact directly with fans. Since personal contact has been severely restricted Borussia Dortmund maintains close and during the ongoing COVID-19 pandemic, longstanding partnerships with its sponsors. During communicating digitally with fans continues to be times of crises, this continuity was also a reflection more important than ever. New digital formats of the close and trusting relationships. This is also were and will be created for this reason. This evident from the individual solutions that Borussia increased focus on digital communications affords Dortmund has found with its partners to compensate us the opportunity to strengthen the bonds our for cancelled (hospitality) services. The majority of fans have with the club despite not being able to (hospitality) services that Borussia Dortmund was attend matches, and to grow Borussia Dortmund's unable to render due to the ongoing COVID-19 fan base. This includes the 2021 Virtual Summer pandemic were compensated for by means of other Tour, with Borussia Dortmund making virtual stops (advertising) services, meaning that Borussia in nine countries across three continents between Dortmund's partners have asserted practically no 10 and 18 July 2021 to bring the club even closer compensation claims. These good relationships built to and connect with its international fan on trust and the solidarity displayed during crises communities and partners and give all fans (not also provide planning security. just) from the nine participating countries the Borussia Dortmund also believes it has good chance to immerse themselves in the world of opportunities to adequately replace sponsoring Borussia Dortmund. OVERALL ASSESSMENT OF THE RISKS AND OPPORTUNITIES With regard to the risks discussed in this report Thanks to its risk management system, Borussia and the review of the overall risk position, no risks Dortmund is in a position to comply with the were identified in the financial year under review statutory provisions on control and transparency in that could lead to a permanent or material the Company. deterioration in the financial position or financial A review of the risk situation revealed that none of performance of either the Group or its individual the individual risks defined within the risk areas companies. jeopardise the continued existence of Borussia Dortmund. 165