FRANKFURT: The near-collapse of former German champions Borussia Dortmund underscores the perils for investors of a sector hit by tumbling share prices, poor management and mounting debt, analysts and fund managers say.
“Dortmund shows the basic problem with investing in soccer shares. Stock price and profit often depend on the players’ performance, which means extremely high volatility. We prefer firms with a more predictable business,” said Andreas Utermann, chief investment officer at Allianz Global Investors.
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