Tue, 11/02/14, 19:30
Allianz acquires stake in FC Bayern München AG
FC Bayern München and Allianz, the club’s partner of many years, are further extending their partnership. As part of a capital increase in return for stock, Allianz SE will acquire an 8.33 percent stake in FC Bayern München AG. In return for the stock thus acquired, FC Bayern München AG will receive €110 million.
Allianz thus becomes the third strategic partner of FC Bayern München AG after adidas and AUDI. All three companies are headquartered in the Free State of Bavaria.
As a result of the capital increase the three shareholders will each hold 8.33 percent of FC Bayern München AG (the joint stock company). In accordance with the club’s statutes, the main shareholder remains FC Bayern München e.V. and its members (the members’ club) with 75 percent of the stock.
“We are all extremely pleased to place our partnership with a partner of many years, a global company at home in the world of sport and boasting a high affinity to football, on a completely new foundation,” commented Jan-Christian Dreesen, FC Bayern München AG board member responsible for finance. “Allianz is a company active around the world, which like FC Bayern is based in Munich. Allianz has been a trusted partner of our club for a long time. Our partnership is exemplified by many things including the naming rights to the Allianz Arena since 2005.”
“Today is a big day for FC Bayern,” confirmed Uli Hoeneß, FC Bayern München e.V. president and chairman of the club’s supervisory board. “The club’s executive committee and advisory committee approved this decision unanimously. With the three Bavarian companies Allianz, adidas and AUDI, FC Bayern has a Triple-A of partners. It is a dream and we are very proud, because it shows the strength of this club.”
It is intended to use the €110 million FC Bayern München will receive for the stock for two of the club’s important projects:
- To pay down the club’s remaining obligations on the Allianz Arena in Munich. FC Bayern München’s stadium would then be debt free.
- For the planned reconstruction of the youth and junior facility in Munich.
“FC Bayern München has thus once again set in place the basis of a solid, financially secure future for the club,” affirmed Jan-Christian Dreesen.