BMW buy Audi’s stake in Bayern Munich £685m

[dalab]

Autobild
thesun.co.uk

BMW are taking an 8.3 per cent stake in Bayern Munich after agreeing a deal with Audi

According to Manager Magazin, the Bavarian company are entering into a long-term arrangement to partner up with Bayern.
It will not only see them take a financial interest in the club, but will also see them become one of the sponsors - injecting extra income into the coffers.
Audi have been a shareholder of the club for the past eight years, and their current agreement runs until 2025.
They are not the only corporate interest in Bayern, with insurance company Allianz and sportswear firm adidas also holding a similar stake.

But the article claims BMW and Audi have now come to an arrangement which proposes they will take over their investment and sponsorship obligations.
The exact breakdown of the terms have not been revealed but the whole package is set to cost BMW £685m.


Bayern Supervisory Board member Edmund Stoiber is said to have confirmed a letter of intent had been signed between BMW and Audi last year.
The timescale of the transaction is also still unclear, other than that it will be activated before the end of 2025.

 

[PanterroR]

Finally!

 

[tristatez28lt1]

Makes sense. Audi needs to save money and this sponsorship had lost its novelty a while ago.

 

[klier]

Makes sense. Audi needs to save money and this sponsorship had lost its novelty a while ago.

More like, Audi has nothing to do with Bayern, it's BMW's home city and absolutely good riddance.

Bye bye Audi. Go rot somewhere.

 

[Deleted member 25]

8% for 900 M$ ? Does that mean Bayern is worthy 11 billions ?

 

[CrunchSlaughtered]

8% for 900 M$ ? Does that mean Bayern is worthy 11 billions ?

No, this is the price of the whole package, including the annual payment for the sponsorship for a period (I am not sure) of 10 years. As far as I remember AUDI was paying 30 mln EURO per year.

 

[LaArtist]

This means the players will change to BMW cars.

I would demand to be transfer listed without delay.

 

[dalab]

What a way to diversify investments, stake here stake there, mobile apps whith Daimler, soccer teams, etc etc, in a few days they disbursed 1,800 million out of their core bussines.

They have a lot of cash flow unlike other companies and are looking very long term, now that it seems that any new company like Rivian puts batteries on a metal plate with wheels and gets hundreds of millions in investment, or that manufacturers of blenders and vacuum cleaners can make cars, only the old-fashioned brands that are prepared on all fronts will survive, it's nice to know that BMW, for their intelligence and financial capacity, will be one of them.

Will they want to invest in one of my ideas?

 

[CrunchSlaughtered]

This means the players will change to BMW cars.

I would demand to be transfer listed without delay.

Every player will have the option to play for Wolfsburg and drive a VW product from the list with the couple of cars that are already certified under the new WLTP.

 

[CrunchSlaughtered]

This means the players will change to BMW cars.

I would demand to be transfer listed without delay.

I am very curious what would happen if you were appointed to pilot the plane for the world tour of the BMW iNext. I suppose you would sacrifice yourself and become a Kamikaze crashing the plane into the ocean.

 

[LaArtist]

I am very curious what would happen if you were appointed to pilot the plane for the world tour of the BMW iNext. I suppose you would sacrifice yourself and become a Kamikaze crashing the plane into the ocean.

haha no no, im a pro, i would just not take the job. Isn't it illegal to transport things that cause damage to human life ?

 

[klier]

Isn't it illegal to transport things that cause damage to human life ?

Boi, you wouldn't have a job if that was the case

 

[LaArtist]

Boi, you wouldn't have a job if that was the case

True lol we transport some mad stuff