BORUSSIA DORTMUNDGmbH & Co. Kommanditgesellschaft auf Aktien, Dortmund number is not known because mining in the region security, safeguarding and monitoring the access roads, and safeguarding the property during visits dates back to the Middle Ages. Only half of all pits on non-match days are just some of the and tunnels have been recorded. countermeasures currently being implemented by Borussia Dortmund uses the properties adjacent to the club's Security department to provide security SIGNAL IDUNA PARK for car parks or to store at the stadium. products and equipment needed for match operations. The southwest container and logistics Borussia Dortmund uses the summer break each area is located on land with uncertain topography, year to invest in SIGNAL IDUNA PARK as well as which is why sinkholes and similar subsidence for construction work and refurbishments. The cannot be ruled out. An additional expert opinion stadium has been expanded three times since has been obtained, which states that there is merely opening in 1974 with a capacity of 54,000. The a risk of the subsoil subsiding, not of collapse. This continual repair and maintenance work – the will likely result in lower costs being incurred in the paramount focus of which is always structural course of the survey and reinforcement, since it may integrity and safety – ensures that the stadium be that geogrids will no longer be necessary and fill meets the latest standards in terms of safety, dirt will instead be compressed into the ground to security and comfort. Compared to many other achieve the requisite stability. The construction Bundesliga stadiums that were constructed for the work is already underway and will likely be 2006 World Cup, SIGNAL IDUNA PARK is one of the completed in the summer of 2021. Bundesliga's oldest stadiums in use. Given that Borussia Dortmund regularly invests large sums Category 5 – liquidity risk in SIGNAL IDUNA PARK and in light of the Liquidity risks include all risks in connection with increasing requirements applicable to stadiums, cash flows and financial burdens. including with respect to spectator safety, the club has classified capital expenditures needed for This category includes four high-priority risks: SIGNAL IDUNA PARK as a high-priority risk. The ongoing COVID-19 pandemic and the associated The loss of significant financial backers and sponsors economic consequences mean that only essential due to insolvency could also have a material adverse investments are currently being made in the stadium. effect on Borussia Dortmund's liquidity in the future. Attention continues to be placed on the potential loss The risk of consequential damage arising from of significant financial backers and sponsors and the mining, which also affects SIGNAL IDUNA PARK, introduction of corresponding countermeasures represents another high-priority risk. Coal mining precisely because of the ongoing COVID-19 crisis and has ceased in Germany. While the memories the associated adverse economic consequences for remain, so do the pitfalls, because the effects of the German and global economy. Borussia Dortmund mining never fully disappear. Hardly any other continuously revises its longstanding accounts federal state is faced with as many sinkholes as receivable management system in line with the North Rhine-Westphalia. The state has some 60,000 prevailing conditions and increasing globalisation. abandoned mining shafts and tunnels. The exact The club also reviewed and implemented other risk 162