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Allianz takes 8.33 percent stake in Bayern Munich football club
BY EDWARD TAYLOR
FRANKFURT Tue Feb 11, 2014 3:29pm EST
Allianz logos are pictured in front of the headquarter of Germany's largest insurance group Allianz AG in Munich, June 22, 2006.
CREDIT: REUTERS
(Reuters) - German insurer Allianz (ALVG.DE) on Tuesday took an 8.33 percent stake in Bayern Munich football club for 110 million euros ($150.44 million) as part of a deal to help the club pay down debts on its stadium and to sponsor a youth academy.
The deal gives the club, which has no stock market listing, and is majority controlled by its members, an implied valuation of 1.32 billion euros.
Allianz said it had also extended a sponsorship deal giving the insurer the option to extend the naming rights for the club's Munich stadium until 2041.
"FC Bayern München has thus once again set in place the basis of a solid, financially secure future for the club," Jan-Christian Dreesen, FC Bayern München AG board member responsible for finance said in a statement.
Bayern will use the proceeds to pay down the club's remaining obligations on the Allianz Arena in Munich. The stadium would then be debt free, the football club said.
Proceeds would also be used for the planned reconstruction of the youth and junior facility in Munich, the club further said.
Bayern Munich's stadium cost 340 million euros to build, and has been known as the Allianz Arena since it opened in 2005, when the insurer and the football club began their sponsorship deal.
With the capital injection Allianz becomes the third strategic partner of FC Bayern alongside sportswear maker Adidas (ADSGn.DE) and car maker Audi (VOWG_p.DE).
The three companies, which are all headquartered in the Free State of Bavaria, now each hold an 8.33 percent stake in the club, Bayern Munich said.
In accordance with the club's statutes, the main shareholder remains the FC Bayern München e.V. association and its members which control 75 percent of the stock.
In 2002, Adidas paid around 75 million euros to take a stake in the club, and Audi paid around 90 million euros for its stake which it acquired in 2010 and 2011.
($1 = 0.7312 euros)
(Reporting by Edward Taylor and Alexander Huebner; Editing by Louise Heavens and William Hardy)
Passes, possession and penalties: Bayern's win in numbers
Champions League holders Bayern Munich produced a dominant display to beat Arsenal 2-0 at the Emirates Stadium on Wednesday night.
The Gunners had the better of the opening stages, with Mesut Ozil missing an early penalty, but were second best once goalkeeper Wojciech Szczesny had been sent off for fouling Arjen Robben.
The German champions set a Champions League record by completing 95% of their passes during the night, but that was not the only way they were statistically dominant.
BBC Sport looks at the numbers behind the Bavarian giants' success.
863
The number of passes attempted by Bayern during the 90 minutes, 95% of which were successful. This success percent is a new Champions League record since accurate data recording began in the 2003-04 season.
The most passes attempted against Arsenal in the Premier League this season was the 624 by Swansea in September, while Fulham are the most accurate team against the Gunners in the league this season, completing 87.3% of their 479 passes in August.
222
The amount of passes attempted by Arsenal in the 90 minutes. They completed 71.2% of them. The lowest number attempted by the Gunners in the Premier League this season was 394, against Tottenham in September. The most they attempted was 803 against Hull in December.
147
The total number of passes chalked up by Bayern goalscorer Toni Kroos. It is also the same number of passes completed by all 12 Arsenal outfield players combined.
127
The number of passes attempted by Kroos in the Arsenal half - he completed 96.1% of them.
100
Toni Kroos's opening goal was the 100th that Bayern have scored in all competitions this season. Wojciech Szczesny's red card was also the 100th sending off at Arsenal since Arsene Wenger took charge in 1995.
78.8
Percentage of possession enjoyed by Bayern Munich over the 90 minutes.
30
The most passes attempted by an Arsenal player. Jack Wilshere completed just 66.7% of his 30 attempts.
26
Bayern's attempts on goal at the Emirates. Arsenal managed just eight - one in the second half.
12
Arsenal had just 12% of possession in the second half, with their passing accuracy down to 61.3% after the break.
3
Bayern Munich winger Arjen Robben is the only player to win three penalties in this season's Champions League. Mesut Ozil is the only man to miss two.
dougla_boy wrote:i feel allyuh go get tun up bai....
TriniAutoMart wrote:Arsenal will score -6 goals today...
rfari wrote:ollur hadda excuse dougla_boy. he a badminton type fellow now tryna fall enn the football scenes
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