News

Dortmund bus attack suspect in custody

German police have arrested a 28-year-old man suspected to have been behind the three explosions that targeted Borussia Dortmund’s bus on April 11, before their Champions League meeting with Monaco

Written by Cosmin Mihalescu. April 21, 2017

New details have now emerged about the nature of the attack. It is claimed that the man, known as Sergei W has targeted the Dortmund bus in order to financially profit from the drop in share prices of the club. The suspect has both German and Russian citizenship and now stands to be charged with attempted murder.

As the team was getting on their way to Signal Iduna Park for the Champions League quarter-final against Monaco, three explosions occurred, wounding the Spanish defender Marc Bartra, who needed medical attention.

Dortmund’s CEO Hans Joachim Watzke, together with the club president Reinhard Rauball, have both praised the police actions: “The investigations by prosecutors and police have been intensive and with high priority. We would like to thank them for that massively and hope that with this suspect the responsible person for that horrible attack on our team and staff has been found.”

In a public statement, a German prosecutor explained the reasons behind the attack: – The accused bought 15,000 put-options regarding the shares of Borussia Dortmund on April 11. Those options were running until June 17, 2017 and were bought with the ID of the hotel L’Arrivee (Dortmund’s team hotel).
 Someone who buys put-options speculates on the value of shares dropping. It allows the owner of these options to sell his shares until a certain date – in this case June 17 – to sell a fixed amount for a fixed price.

If Dortmund’s shares had dropped in value massively, his profit would have been many times the investment. You could expect a massive drop in values of the shares if players had been injured or even killed during the attack.