Finance

German soccer bomb suspect wanted to drive down share price

German soccer bomb suspect wanted to drive down share price

Borussia Dortmund shares fell no more than 7 percent after the attack, and they rose above their pre-bombing price the day after.

Spokeswoman Frauke Koehler says investigators are still trying to determine how big a profit the suspect might have made.

Sergei W. booked the same Hotel L'Arrivee as the team, according to prosecutors, and reportedly was adamant that he receive a room with a window facing the front of the hotel.

North Rhine-Westphalia state interior minister Ralf Jäger said the suspect "appears to have wanted to commit murder out of greed".

The 28-year-old dual German and Russian national, named only as Sergei W, is believed to have carried out the attack purely to make a profit by selling shares in the team.

Nobody was killed in the attack, though a police officer and 26-year-old Marc Bartra, a Borussia Dortmund defender, were both injured.

The suspect, identified only as Sergej W.in line with German privacy laws, was arrested by a police tactical team early Friday near the southwestern city of Tuebingen, federal prosecutors said.

"He is charged with attempted murder, setting off explosions and causing serious physical injury", the prosecutors said.

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McGuinness said investigators found the suspect because he had bought the put options online with an IP address in the same hotel where the team had been staying.

"A significant drop in the price could have been expected if, as a result of the attack, players had been seriously injured or even killed", prosecutors said.

The teams shares did slide slightly after the attack, but quickly recovered.

Dortmund lost the rearranged quarterfinal, first leg against Monaco 3-2 and were beaten 3-1 in the return for a 6-3 aggregate reverse. Bartra, who has played 29 games in all competitions for Dortmund this season, was treated at the scene and hospitalized.

“The explosive devices were detonated at the optimum time, ” prosecutors said, noting that the team bus was equipped only with security glass and not reinforced glass.

The club thanked authorities in a statement.

The damaged Borussia Dortmund bus.

The fact that, aside from Bartra and the policeman, "no others were wounded or even killed, was - as we know today - exclusively due to huge luck", BVB said in its statement Friday.


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