Meier revealed the share issue will open on October 23 and added that the former European champions would "always seek to strike a balance between economic and sporting interests to satisfy both supporters and shareholders." The float comprises between 50 and 75 percent of the club's share capital but a further 10 to 12 percent of the capital could be sold if there is strong demand, Meier said.

Deutsche Bank is heading a banking consortium preparing the flotation. Dortmund has won the Bundesliga title five Times, most recently in 1996.

They went on to win the Champions League a year later and are currently third in the table. The club add to a growing trend among leading European sides who have floated in recent years, including most notably English Premiership giants Manchester United.