Eintracht Frankfurt Fußball AG is considering a capital increase – or even an initial public offering (IPO). The supervisory board, which convened on Tuesday, is discussing potential capital measures based on a valuation report prepared by investment bank Nomura, according to sources familiar with the matter. Insiders estimate the value of Eintracht Frankfurt to be between 500 million and 1 billion euros. Capital measures could potentially raise 50 million euros.

The supervisory board is debating whether the club really needs a capital increase, if so the amount required, and how it should be executed. This includes discussions on whether new external shareholders should contribute fresh funds, or if existing stakeholders should inject additional capital.

Eintracht Frankfurt Fußball AG has already undergone several capital increases, resulting in a reduction of the sports club Eintracht Frankfurt e.V.'s stake to 67.9%. This stake is not supposed to fall below 60%. In July, board spokesperson Axel Hellmann stated that "the key issue is determining the liquidity and equity needed for a squad valued at approximately €300 million, as well as the difficult situation we face against clubs that have investors.“

An IPO is also being considered in the future. However, concerns exist that the valuation is too low to achieve the necessary liquidity for effective stock trading via a small minority stake. For comparison, Borussia Dortmund has a market capitalisation of 385 million euros, and a 58% free float. Since the onset of the pandemic and subsequent lockdowns in 2020, its share price has halved.

Eintracht Frankfurt would not be expected to pursue an IPO until at least the second half of 2025, or in 2026.