Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Bayern valued at $1.796 billion
February 12th, 2014 4:28PM

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
Soccer America Women's Top 25 Scoreboard    
[ROUNDUP: Midweek] No. 6 Florida State overcame a 2-0 deficit to beat Connecticut, 3-2. Shea Groom ...
Americans roll with changed frontline    
[USA-MEXICO] The USA made it a clean sweep in its two-game series with Mexico, downing El ...
Toni Dovale rescues Sporting KC with two second-half goals    
[CONCACAF CHAMPIONS LEAGUE: Thursday] Spaniard Toni Dovale scored two goals seven minutes apart in the second ...
Playoffs hinge on Cascadia clash; more drama looms in East    
[MLS: Three Games to Watch] Another edition of the Northwest head-knockers takes place in Portland, and ...
Everton's Martinez praises 'magnificent' Howard    
[AMERICANS ABROAD] Tim Howard added another mark to his remarkable 2014 season with a record-tying 12 ...
New crest emphasizes club connection to fans    
[MLS SPOTLIGHT] Major League Soccer unveiled its new brand identity and crest on Wednesday, emphasizing the ...
What They're Saying: Greg Dyke    
"It was the fourth watch I've had since I started doing this job. Everywhere you go ...
What They're Saying: David Carter    
"Chivas in the L.A. market is beyond an afterthought. I think even most soccer fans aren't ...
Goal celebration sends player into abyss    
[VIDEO PICK: Off the Post] After Joel scored a fine goal for Brazilian club Coritiba he ...
Guardiola: Bayern Munich deserved to win    
[UEFA CHAMPIONS LEAGUE: Wednesday] Off to a relatively quiet start to its league season, German champion ...
>> Soccer America Daily Archives