- Germany edition
- Change edition:
- France |
- Norway |
- Sweden |
- Switzerland
February 8, 2012
Audi inks €90-million deal with Bayern Munich
Published: 26 Nov 09 17:21 CET
Online: http://www.thelocal.de/money/20091126-23545.html
Car manufacturer Audi has purchased a 9.09 percent stake in German football team Bayern Munich in a deal worth €90 million, the Bundesliga club announced on Thursday.
- Arctic cold wreaks quirky havoc across Germany (8 Feb 12)
- Hoeneß: Bayern saved Dortmund with €2 mln (7 Feb 12)
- Snow to follow record deep freeze (6 Feb 12)
The 10-year deal pushes Bayern's reported annual earnings through the €200-million mark.
The money will help towards repaying part of the €340 million-debt for the Allianz Arena stadium which they share with second-division side 1860 Munich.
"I am sure that this partnership will open up many new global possibilities for us," said Bayern's chairman Karl-Heinz Rummenigge. "I think it will help in the Asian market where Audi are already very strongly represented and we are looking forward to working closely together."
After German sportswear giants Adidas invested in the Munich club in 2002 for € 77 million, the deal makes Audi Bayern's second main investor.
AFP (news@thelocal.de)
What do you think? Leave your comment below.
Fark It!
Digg This
Share everywhere
Send to a friend
Printable version
Twitter This
Exports top €1 trillion despite euro crisis
German exports topped €1 trillion for the first time in 2011, but fell at year-end as the eurozone debt crisis hit demand for goods made in Germany, official data showed on Wednesday. READ (1 COMMENT) »
GM threatens major job cuts at Opel
German carmaker Opel was left to prepare for the worst on Tuesday as its US parent company General Motors announced “horrendous” fourth quarter losses and warned of factory closures at its ailing European unit. READ (1 COMMENT) »
Court caps Jewish ghetto pension claims
Some 22,000 Jewish people confined to ghettos under the Nazis during World War II are entitled to smaller pension payments than they initially claimed, a German federal court ruled Tuesday. READ (3 COMMENTS) »
Industrial orders rise amid eurozone gloom
Germany, the eurozone's biggest economy, saw the release of further favourable economic data on Monday with industrial orders in December partly reversing steep falls seen the previous month. READ »
Former spy boss moves to Deutsche Bank
Ernst Uhrlau, former head of Germany’s foreign intelligence agency the BND, has been on the payroll of Germany’s biggest bank since the start of February, just two months after his retirement. READ (2 COMMENTS) »
China offers Merkel some comfort for Europe
China's Premier Wen Jiabao said a stable Europe was key to stability at home, in comments published Sunday, at the end of a week that saw Germany's chancellor visit Beijing. READ (8 COMMENTS) »
China doesn't want to 'buy Europe'
As German Chancellor Angela Merkel wrapped up her visit to China on Friday, the Asian giant’s leaders promised they had no intention to "buy Europe," amid concerns over growing Chinese investment in debt-stricken eurozone economies. READ (6 COMMENTS) »
Deutsche Bank profits fall as debt crisis bites
Deutsche Bank, Germany's biggest bank reported Thursday a bigger-than-expected drop in earnings at the end of last year as the eurozone sovereign debt crisis hurt business. READ »
Euro crisis, earthquakes slam Munich Re profits
Munich Re, the world's biggest reinsurer, said Thursday that profits plummeted last year due to heavy losses from both the eurozone debt crisis and a string of natural catastrophes. READ »
Will Bionade fizz go flat after Dr Oetker takeover?
Trendy German soft drink maker Bionade could lose its cult cachet after being bought out by un-hip food giant Dr Oetker, a firm best known for cake mixes and frozen pizzas. READ (1 COMMENT) »
- 31/01 ThyssenKrupp sells stainless steel business (1 comment) »
- 31/01 Robust economy leaves long-term jobless behind (3 comments) »
- 30/01 German firms expect robust exports in 2012 (1 comment) »
- 30/01 China's Sany to buy Putzmeister (7 comments) »
- 28/01 Berlin: EU should manage Greek budget (39 comments) »
- 28/01 Germans spend €150 million on hold (6 comments) »
- 27/01 Deutsche Bank boss sees Greece debt deal (5 comments) »
- 27/01 Germany rakes in record tax income (4 comments) »
- 26/01 Hope dwindles for NYSE- Deutsche Börse merger »
- 26/01 Soros damns German handling of euro crisis (23 comments) »
See all ads | Join the Marketplace
-
Get Grocery
Online shop for wide range of authentic Indian food in Germany/EU -
tolingo professional translation service
fast and reliable translations in over 35 languages -
Keith Tanner
Your British financial adviser in Berlin -
KFZ-Sachverstaendigenbuero Detlef Buchwald
I am an unaffiliated and impartial automotive appraiser -
British Corner Shop
British Corner Shop is the online supermarket for British Expats. -
British Allsorts
Your Corner shop in Munich -
Greenback Expat Tax Services
US expat tax preparation services for American owned companies in Germany
1188 jobs available
831 new jobs this week
157 new jobs today
- Trainee (f/m) for euroTRAIL - our international trainee programme at DB Schenker Rail
- IT Project Manager (m/f)
- Sequencing Sales Rep
- Post Trade Securities Sales Specialist
- UX Engineer (.NET) - Limited Contract
- Technical Support Specialist Client Pro Support - Polish
- Consultant in Strategy Department (m/f) (2012-987)
- Manager Telefonischer Vertrieb B2B (m/w)
- Homebased SCRA's Wanted
- Safety Manager (m/w)
- 08/02 Few Swedes ready to work until they're 75: poll »
- 07/02 Several bids for Saab: administrator »
- 07/02 US ISPs block hacker probes: Swedish police »
- 06/02 Fire brigade slammed for 'renting out' rooms »
- 06/02 Kinnevik in bid to buy up publisher Metro »
- 03/02 New bidder in the Saab saga shows its hand »
- 03/02 Volvo group announces record sales for 2011 »
- 03/02 TeliaSonera reports profit drop for 2011 »
- 02/02 AstraZeneca job cuts hit Södertälje hard »
- 02/02 Europe's banks set for years of 'shrinkage': Borg »
- Celebrating the Moment – Against Asceticism
Abstinence is ideologically in vogue. - Little Hollywood am Main: The LUCAS International Children’s Film Festival
LUCAS is Germany’s oldest children’s film festival. - How Globally Aware Are the Germans? – Foreign news on television
Which countries and regions are viewers interested in? A major international research project focussed on these question. - Communication with the Readers – Editorial Staff and Web 2.0
In recent years, interactive platforms including blogs, Facebook and Twitter have made once passive readers into active reviewers and critics. - Reading as a “never-ending journey into your own psyche” – The Chamisso Prize Winner Michael StavariĨ
In 2012 Michael StavariĨ was awarded the Adelbert von Chamisso Prize as an “outstanding figure in contemporary literary life”.
- Fewer animal experiments thanks to nanosensors
Countless mice, rats and rabbits die every year in the name of science – and the situation is... - German employers split over campaign to ban smoking breaks
Employers in Germany have launched a campaign to ban all smoking in the workplace, not just... - Marine Research in Kiel is heading towards new shores
Helmholtz Centre for Ocean Research Kiel established On January 1, 2012 the former Leibniz... - Federal Foreign Minister Westerwelle: Laying down ambitious and binding rules for the euro
Federal Foreign Minister Guido Westerwelle issued the following statement in Berlin today (11...
- 07/02 Help needed
- 06/02 Channel 4 News request - moving to Germany
- 06/02 Native Italian Speaker
- 06/02 Sport-Promotion in Berlin
- 05/02 English Lessons via Skype
- 04/02 English Tutoring in Frankfurt
- 16:29 Getting a mortgage in Germany
- 16:26 Unfair zeugnis grade in English
- 16:25 Photography Club Munich
- 16:19 Going to London and having a spot of tea
- 16:18 Looking for freelance photographers in Munich
- 16:16 No more music videos on YouTube for Germany
- 16:13 I'm looking for ANY kind of work in Mannheim area
- 16:02 Where to buy Cadbury Creme Eggs
- 16:02 Washing machine recommendations
- 16:01 Buying a house in Germany
Visiting Berlin anytime soon? Book your hotel in Berlin here.
For home-from-home holiday accommodation, search for a Berlin apartment to rent.
Start trading shares, equities, forex, etc. No commission on equities; Low min. margins. Apply for a CFDs account now!
Your comments about this article: