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Bayern get additional investment

11 February 2014 - 19:11

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.

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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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