Bayern Munich appears to have cleared its debts after paying back the 346 million euros loan needed for Allianz Arena, and the payoff emerged nearly 16 years ahead of schedule.
Now, Germany’s leading sports group can address more confidently further investments, said Karl-Heinz Rummenigge, the chief executive officer of the FC Bayern München AG, a daughter company of Bundesliga soccer team Bayern Munich.
“In 2005 we borrowed a loan worth 346 million euros for a period of 25 years, i.e by 2030. And, here we are, the stadium has been fully paid in just nine and a half years,” noted the German club’s official in the program of the match against Hoffenheim due on Saturday.
Early repayment of the Allianz Arena loan was also possible due to the amount of 110 million euros paid by Allianz AG to become the third sponsor, with 8.33% of the shares, after Adidas (10 percent) and Audi (9.09 percent).
Bayern Munich is believed to announce a new record turnover at the General Assembly meeting on November 28, 2014.
“It is no secret that we have exceeded half a billion euros in revenues during the 2013-2014 season,” added Rummenigge.
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