Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySoccer World DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America ClassifiedsGame Report
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
Video Pick: Own goals don't come sadder than this     
Pavel Krmas, a 35-year-old Czech defender playing in his 151st and final game for Freiburg, scored ...
What They're Saying: Christie Rampone    
"I didn't get an email or a phone call. I'm so old that I got a ...
Key games on tap in Europe this week     
The title winners in Europe's major leagues have been decided, but there are still plenty of ...
Europe in a Nutshell: Curtain comes down on 2014-15 season     
The earth as Leo Messi's soccer ball. Clubs say farewell. And a rough week for Lazio. ...
What They're Saying: Miami-Dade Mayor Carlos Gimenez    
"We didn't talk about spirituality. We talked about dollars and cents, and where it could get ...
ICYMI | MLS: Form counts for nothing; Wondo gets 100    
Do not ever think of betting money on MLS as form counts for nothing as evidenced ...
U.S. Abroad: Bornstein adds new chapter to legend    
Jonathan Bornstein is writing one of the great stories in the history of Americans abroad. No ...
NWSL Weekend: Chicago pulls ahead    
The Chicago Red Stars opened up a four-point leads in the NWSL when it won their ...
Julian Green called in for U-23s at Toulon Tournament    
Julian Green, who played for the USA at the 2014 World Cup, has been called in ...
Road to Vancouver: Ticas take three U.S. collegians    
Penn State's Rachel Rodriguez and Shirley Cruz of UEFA Women's Champions League runner-up Paris St. Germain ...
>> Soccer America Daily Archives