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Viessmann buys stake in Bayern Munich for €250 million

Viessmann buys stake in Bayern Munich for €250 million

Viessmann Generations Group has bought shares in Bayern Munich’s football company in a deal announced on Thursday.

The family holding company, led by Max Viessmann, paid €250 million for the stake.

Following a capital increase, Viessmann holds 6.7% of the company, while Adidas, Allianz and Audi together hold 7.8%.

Bayern says it will use the new capital for sustainability, international growth and digital projects.

The money is also expected to give the club more financial flexibility, including for player contracts, although no €100 million transfer is planned.

Bayern says it will not sell any more shares, and its rules require it to retain at least 70% ownership.

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Herbert HainerBayern president
This step strengthens the ownership structure of FC Bayern München AG. In addition, a significantly improved equity base increases our room for manoeuvre in a time of permanent change.
via BILD