Bayern Munich get additional investment

European champions Bayern Munich have got an additional investment for the club after they sold 8.33% stake in the club to German Financial services company Allianz.

German daily Bild reports that Allianz who already have the naming rights of the Allianz Arena for next 17 years will pay a whopping €110 million to become the third highest shareholders at the club.

Previously Adidas and Audi were the other two shareholders with both having 9.1% shares in Bayern’s Aktiengesellschaft stock company which operates the football club. With this new investment the shares of Bayern Munich e.V, the registered club has now declined to 73.47%.

Club CEO Karl-Heinz Rummenigge was earlier quoted as saying all the investment will be used to improve infrastructure and not the players.

“We don’t need money for transfers. We will not buy a Messi. We will invest in the infrastructure, in stones, not in bones.”