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Audi reportedly interested in Bayern Munich stake

©

Text by NEWS WIRES

Latest update : 2009-09-19

German car maker Audi reportedly wants to buy 10% of football giant Bayern Munich for almost 100 million euros according to Bild newspaper. Audi said that the story was just "speculation", but that a "close partnership" is possible.

AFP - German car manufacturer Audi could be set to buy 10 percent of prestigious football club Bayern Munich at a cost of almost 100 million euros, according to Saturday's edition of Bild.
  
The German tabloid claims the deal could be completed next month and would allow Bayern to reduce the debt they owe for the construction of their Allianz Arena stadium in Munich which opened in 2005.
  
Audi spokeswoman Iris Altig insists the news is still just "speculation"  but admitted "there are on going considerations on how a close partnership could be encouraged".
  
Bild state the deal is expected to be finalised in October and announced in time for the club's annual general meeting in November.
  
Audi already sponsor Bayern and provide the Munich players with cars.
  
Bayern Munich have won 21 domestic league titles, are reported to be worth 295.3 million euros and German sportswear giants Adidas have already held a 10 percent shars in the football club since 2002.

Date created : 2009-09-19

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