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FOOTBALL

Audi inks €90-million deal with Bayern Munich

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.

Published: 26 November 2009 17:21 CET
Audi inks €90-million deal with Bayern Munich
Photo: DPA

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.

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RACISM

VIDEO: Spain’s La Liga reviews video of boy racially abusing Vinicius

Spain's La Liga on Monday said it was reviewing a video of a child making racist insults towards Real Madrid forward Vinicius Junior during the 2-2 draw with Valencia at the weekend.

Published: 4 March 2024 13:41 CET
VIDEO: Spain's La Liga reviews video of boy racially abusing Vinicius

“We’re in the process of studying and analysing the facts from a legal standpoint to see what we can and should do,” La Liga sources said.

In a video published by a journalist for ESPN Brasil, and picked up by Spanish media, a boy sitting in a woman’s lap can be heard calling Vinicius a “monkey”.

The Brazilian scored twice for Madrid as his team recovered from two goals down at Mestalla on Saturday.

Vinicius raised his fist in a “Black Power” salute after the first of his two goals at a ground where he was racially abused last season. Valencia subsequently banned three people from the stadium for life.

The 23-year-old has become a symbol of the fight against discrimination in Spanish football after suffering racist abuse on many occasions, and he was jeered repeatedly by home supporters on Saturday.

Jude Bellingham was sent off after the final whistle against Valencia for protesting after the referee blew the final whistle right before the England midfielder headed home what he thought was the winning goal.

READ ALSO: Football star Vinicius highlights racist behaviour from Spanish fans

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