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Last Updated: Thursday, 17 February, 2005, 14:00 GMT
Borussia on brink of bankruptcy
A shadow falls over Borussia Dortmund's Westfalen Stadium
A shadow is cast over Borussia Dortmund's Westfalen Stadium
Former European Champions Borussia Dortmund are teetering on the brink of bankruptcy with huge debts.

Despite attracting crowds of 75,000 to the Westfalen stadium, Dortmund expect their losses for the financial year ending in June to reach 47.5m.

Dortmund, the Bundesliga's only publicly-listed club on the stock exchange, may be forced to sell assets such as Tomas Rosicky and Jan Koller.

Borussia president Reinhard Rauball said: "We will find a rescue package."

Borussia's financial plunge is the latest football crisis to hit German football less than 16 months before the counytry hosts the 2006 World Cup.

German football has been rocked by a match-fixing scandal, leading to the arrests of referees.

Ironically, Dortmund's financial problems come at a time when the team was picking up on the field, taking 10 points from their last four games.

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