Bayern valued at $1.796 billion
[SOCCER BUSINESS] German insurance company Allianz purchased an 8.33 percent stake in Bayern Munich, giving the German champion a valuation of $1.32 billion euros
The deal will help the club pay off debts on its stadium and to pay for the construction of a youth academy. Allianz will have the option to extend its naming rights for
the club's Munich stadium until 2041.
Jan-Christian Dreesen, chairman of Bayern Munich's finance committee, said the club has "once again set in
place the basis of a solid, financially secure future for the club."
Allianz becomes the third minority shareholder in FC Bayern along with Adidas and car maker Audi. All three
Bavarian-based companies hold 1/12 interests. The main shareholder remains the club member association that controls 75 percent of the stock.
No comments yet.
|Recent Soccer America Daily Rapinoe leads Reign FC to second NWSL Shield Aug. 27, 4:16 a.m. |
Seattle Reign FC clinched its second straight NWSL regular-season championship when it defeated the last-place Boston ... Vancouver Whitecaps end curse with first Canadian title Aug. 27, 4 a.m.
Runners-ups five out of the last six seasons, the Vancouver Whitecaps seemed to be cursed in ... What They're Saying: Wayne Rooney Aug. 27, 3:32 a.m.
"I wasn't worried -- if it was going on for three, four or five games more, ... Wednesday night: Sounders first MLS team to fall in CCL Aug. 27, 3:10 a.m.
A week after the Seattle Sounders rallied from 1-0 in the 90th minute to beat Olimpia, ... Retiring Dunivant fine about not making headlines Aug. 27, 2:14 a.m.
Galaxy defender Todd Dunivant, one of just four players to win five or more league titles, ... Wednesday night: Last-place MLS teams sweep Aug. 27, 1:38 a.m.
Chicago and Colorado, last in the Eastern and Western Conferences, respectively, both won on Wednesday night ... USL Roundup: Heath praises Louisville City after friendly Aug. 26, 11:47 p.m.
A Louisville City record crowd of 9,434 and a 3-1 victory by the USL expansion team ... Mexico calls up Torres for Olympic qualifying camp Aug. 26, 11:34 p.m.
Houston forward Erick "Cubo" Torres is among the players summoned by Mexico for a training camp ... What They're Saying: Matt Miazga Aug. 26, 9:20 p.m.
"Since I was 13 coming up through this system, the dream for every kid in the ... U.S. Abroad: Zelalem impresses in Rangers debut Aug. 26, 8:57 p.m.
Gedion Zelalem's tenure at famed Glaswegian club Rangers began on a positive note as the 18-year-old ... >> Soccer America Daily Archives