Borussia Dortmund GmbH & Co., Germany’s only publicly traded soccer club, rose to the highest in almost four years in Frankfurt trading after extending its Bundesliga lead to improve the prospects of playing in the Champions League.
The shares rose as much as 17 percent to 2.44 euros, the highest since December 2006. Borussia Dortmund won 4-0 at Hannover two days ago to increase its advantage in the standings to four points as second-place Mainz lost 1-0 at Freiburg.
“Investors are buying the shares as they expect Dortmund to participate in the Champions League which would bring a lot of money for the club,” said Klaus Kraenzle, a consumer goods analyst at Silvia Quandt & Cie AG in Frankfurt.
Participating clubs in the group phase of the Champions League, European soccer’s elite club competition, earn an average 15 million euros ($20.8 million), about the double of what participants in the second-tier Europa League generate, Kraenzle said.
Bundesliga rival Bayern Munich earned 44.9 million euros in prize money after reaching last season’s final.
Borussia Dortmund, which last reached the Champions League group stage in the 2002-2003 season, had a net loss of 6.2 million euros in the year through June.
The shares were up 32 cents, or 15 percent, to 2.41 euros at 11:35 a.m. local time, extending a 13 percent gain yesterday. The Dortmund-based company has a market value of 149.8 million euros.
Founded in 1909 by a youth group that split from a Catholic parish club, Borussia took its name from a local Dortmund brewery, the Borussia Brauerei. Borussia is Latin and means Prussia, the former German state, in English.
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