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Audi sign 90 million euro deal with Bayern

SoccerNews in Bundesliga 26 Nov 2009

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Car manufacturer Audi have bought a 9.09 percent stake in German football giants Bayern Munich in a deal worth 90 million euros (135.2m US dollars), the Bundesliga club announced on Thursday.

The ten-year deal pushes Bayern’s reported annual earnings through the 200 million euros mark.

The money will help towards repaying part of the 340 million euros debt for the Allianz Arena stadium which they share with second-division side 1860 Munich.

“I am sure that this partnership will open up many new global possibilities for us,” said Bayern’s chairman Karl-Heinz Rummenigge.

“I think it will help in the Asian market where Audi are already very strongly represented and we are looking forward to working closely together.”

After German sportswear giants Adidas invested in the Munich club in 2002 for 77 million euros, the deal would make Audi Bayern’s second main investor.

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