Audi, 10% of the equity interest in the club Bayern Munich

Audi, 10% of the equity interest in the club Bayern Munich

German car manufacturer Audi would acquire 10% stake of the club Bayern Munich, in exchange for the sum of 100 million euros, announced in Saturday's Bild daily, quoted by Mediafax.

According to Bild, Audi, a subsidiary of the giant Volkswagen will complete the transaction in October, following which Bayern could reduce indebtedness generated by building the stadium Allianz Arena, opened in 2005.

A company spokesman called the Audi Bild information as "speculation", though admitted that the German company continually analyze "means to enhance the partnership with Bayern.

Audi is already a partner of the club Bayern Munich, the German manufacturer providing machine players of this team each season.

Sportswear company Adidas has, since 2002, ten percent of the capital of Bayern Munich group, which ranks fourth in the ranking of the richest clubs, with a turnover of 295.3 million euros.
   
Source: http://www.audi.com/


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