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European champions Bayern Munich have got an additional investment for the club after they sold 8.33 percent stake in the club to German Financial services company Allianz.
German daily Bild reports that Allianz who already have the naming rights of the Allianz arena for next 17 years will pay a whopping €110 million to become the third highest shareholders at the club.
Adidas and Audi are the other two shareholders with both having 9.1 percent shares.
Club CEO Karl-Heinz Rummenigge was earlier quoted as saying all the investment will be used to improve infrastructure and not the players.
Written by Himanshu Dhingra
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