Watzke announces rise in Dortmund salary budget

The German giant will be able to offer significantly larger wages to players following the club's lucrative run to the Champions League final last season.

Hans-Joachim Watzke has announced that Borussia Dortmund's salary budget will be increased by almost 40 percent ahead of next season.

The Schwarzgelben relinquished their grip on the Bundesliga title last term, but their run to the Champions League final has funded a significant increase of what they can offer both new and existing players.

"In the coming season, we will have a salary budget of between 67-68 million euros. This is certainly much more than two or three years ago," the Dortmund CEO told Welt am Sonntag. "But compared to other teams in Europe, it is not much. Our growth is harmonious, a bridge between revenues and costs."

During the 2012-13 campaign, BVB's salary budget was worth 48.5 million euros - 13.5 million less than the previous year.