BVB still owed their fans the championship title already priced in on the stock exchanges.
(Photo: IMAGO/Revierfoto)
Dusseldorf Bundesliga soccer club Borussia Dortmund (BVB) gambled away the championship they thought was safe at the weekend. While the game against Mainz ended 2-2, Bayern Munich still moved ahead in the table with a 2-1 win over Cologne.
The reaction of the stock market on Monday shows how surprising the eleventh Munich championship came in series: BVB shares fell by up to 31.5 percent. The anticipated championship had already been priced into the share price over the past week as stocks surged more than 30 percent. Now the price has even fallen below where it started the rally.
The development of BVB shares shows how unpredictable investments in football stocks are. Unlike conventional companies, the focus is not on business but on sporting development – and this is difficult to calculate.
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