Join Now  | 
Home About Contact Us Privacy & Security Advertise
Soccer America Daily Soccer World Daily Special Edition Around The Net Soccer Business Insider College Soccer Reporter Youth Soccer Reporter Soccer on TV Soccer America Classifieds Game Report
Paul Gardner: SoccerTalk Soccer America Confidential Youth Soccer Insider World Cup Watch
RSS Feeds Archives Manage Subscriptions Subscribe
Order Current Issue Subscribe Manage My Subscription Renew My Subscription Gift Subscription
My Account Join Now
Tournament Calendar Camps & Academies Soccer Glossary Classifieds
Bayern valued at $1.796 billion
February 12th, 2014 4:28PM
Subscribe to Soccer America Daily

MOST READ
TAGS:  germany

MOST COMMENTED

[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 ($1.796 billion).

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.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Soccer America Daily
Video Pick: Terrific volley for Porto by Mexico's 'Tecatito'    
Mexico's 23-year-old Jesus "Tecatito" Corona scored Porto's second goal in a 5-0 UEFA Champions League win ...
USMNT: Arena meets Bundesliga quintet    
Less than two weeks after taking the job, new U.S. national team coach Bruce Arena has ...
MLS Moves: Hedges signs new deal with FC Dallas    
Keeping a successful team together can be a challenge in MLS, and rather let the contract ...
What They're Saying: Sigi Schmid    
"My son, Kurt, is still a Sounders employee [as an assistant coach and scout], so I ...
MLS Expansion: St. Pete and Carolina enter race    
One recent and a second likely refugee from the NASL threw their hats in the increasingly ...
MLS Expansion: Competition gets crazy    
If the push to get into pro soccer is driven by the desire to get a ...
NASL's fate hangs in the balance    
A decision on the 2017 sanctioning of the NASL and USL was put on hold by ...
MLS Awards: Villa adds MVP award to trophy case    
He won a World Cup and European Championship with Spain and a Champions League title with ...
What They're Saying: Russian MP Valery Rashkin    
"It is crucial to verify that 'FIFA 17 is compliant [with the law] for the game's ...
What They're Saying: Luke Mishu    
"I had to be realistic. I love soccer, but MLS isn't the NFL or NBA. I ...
>> Soccer America Daily Archives