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European Champions Bayern Munich are open to new investment in the club. Chief Executive officer Karl Heinz Rummenigge was quoted as saying in a sports conference in Dusseldorf.
Currently two German brands Adidas and Audi hold 9.1 percent shares each in Bayern's Aktiengesellschaft -stock company which runs the Bavarian outfit with Bayern Munich e.V, the registered club, having hold over the remaining 81.8 percent.
This what Rummenigge said at the conference,
"We could sell further shares I wouldn't entirely rule that out."
The 58 year old also added that the money will not be spent on players but will be used on improving club’s infrastructure.
Rumours circulating suggest that insurance company Allianz who hold the naming rights for the Allianz Arena, could be a potential investor.
Written by Himanshu Dhingra
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