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Dortmund Shares Slide as Bayern Snaps Up Goetze: Frankfurt Mover

April 23, 2013

Dortmund Shares Slide as Bayern Snaps Up Goetze

Mario Goetze joined Dortmund in July 2001 and started playing in the Bundesliga at the age of 17. Photographer: David Ramos/Getty Images

Borussia Dortmund GmbH (BVB) fell the most in five months in Frankfurt trading after Bayern Munich agreed to buy Mario Goetze, the 20-year-old midfielder whose 10 Bundesliga goals put him among Dortmund’s top four scorers this season.

Goetze will join the German soccer champion on July 1, Dortmund and Bayern said in separate statements today. Bayern will pay the 37 million-euro ($48 million) release clause in his contract, Bild newspaper reported earlier today. Neither of the clubs confirmed the transfer fee.

The announcement comes on the eve of Dortmund’s semi-final Champions League opener against Real Madrid. Bayern, which faces Barcelona in the first leg of the other two-game semifinal in Europe’s elite club competition tonight, will have a new coach from July when Pep Guardiola takes over from the retiring Jupp Heynckes.

“We are totally disappointed, of course, but underline that Mario and his manager have acted completely in line with the contract,” Hans-Joachim Watzke, chief executive officer of Borussia Dortmund, said in the club’s statement. The team will stay focused on its dream of reaching the Champions League final at Wembley stadium on May 25, Dortmund said.

Borussia Dortmund shares fell as much as 5.4 percent to 3.06 euros, trading down 2.4 percent as of 1:25 p.m. The volume was more than twice the daily average of the last three months.

Champions League

The odds of Goetze facing his future club in the Champions League final are 11-2, according to Dublin-based bookmaker Paddy Power. The transfer would be the most expensive between two German clubs, eclipsing the 30 million euros Bayern paid VfB Stuttgart for Mario Gomez in 2009, according to Transfermarkt.de.

Goetze shot to stardom when he became the youngest to play for Germany since Uwe Seeler, who played for the national side from 1954 to 1970, according to Dortmund. He joined Dortmund in July 2001 and started playing in the Bundesliga at the age of 17. He was 18 when he made his national debut against Sweden in November 2010, and has scored five goals in 22 games since then.

Goetze, who won back-to-back Bundesliga titles with Dortmund in 2011 and 2012, will be paid a salary of about 7 million euros a year at his new club, according to Bild.

To contact the reporter on this story: Nicholas Brautlecht in Hamburg at nbrautlecht@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net


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