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 By PA Sport

Borussia Dortmund's sale of Mats Hummels to Bayern will cover losses

The sale of captain Mats Hummels to Bayern Munich is set to turn around annual losses standing at almost €21 million for Borussia Dortmund.

Dortmund's financial results for the third quarter of 2015-16, published before confirmation of the long-awaited deal for Hummels, show a significant increase in revenue but also greater losses.

The Westphalians can also look forward to increased revenue next season having returned to the Champions League, but without the sale of Germany centre-back Hummels they would have been facing an annual loss.

"Borussia Dortmund GmbH & Co. KGaA recorded (third-quarter) earnings before interest and taxes (EBIT) of EUR -9.6m (-£7.5m) and an accumulated amount of EUR -20.9m (-£16.5m) in the first nine months of the fiscal year 2015-2016," a statement from the Bundesliga club said.

Mats Hummels will complete a move to Bayern after he has passed a medical.

"With the realisation of anticipated transfer revenues the management expects annual net profits in a double-digit million amount in the individual as well as in the group financial statement for the total fiscal year 2015-2016.''

Dortmund are reported to have earned in the region of €38m from the sale of Hummels, whose move to Bayern will go through once he passes a medical.

Other key players have also been linked with moves away, with prolific striker Pierre-Emerick Aubameyang and playmaker Henrikh Mkhitaryan attracting interest.

Mkhitaryan is reported to be on the radar of Chelsea, while Aubameyang has spoken of his desire to play for Real Madrid.

Dortmund's figures do, though, show a 34.6 percent increase in revenue year on year.

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