Hoeness confirms Audi interest

Posted Tuesday, September 22, 2009 by PA

Bayern Munich general manager Uli Hoeness expects his club to soon become "the richest in the world", but that does not mean coach Louis van Gaal can plan any major investments in the squad.

Hoeness confirmed that Bavarian car manufacturer Audi is considering a 100million-euro investment in the club to secure a 10% stake in its holding company, FC Bayern AG.

Furthermore, the club's main sponsor Telekom is set to extend its contract which expires next summer, making the club over 120million euros better off.

But Hoeness plans to use that money to pay off debts related to the construction of the Allianz Arena to make the stadium the club's own property.

Only when that is done and the income from ticket sales starts flowing into the club's accounts will funds be made available for squad strengthening.

"To have our own stadium without debts would obviously be a dream," said Hoeness in the Suddeutsche Zeitung newspaper. "Then we would be the richest club in the world."

Audi's interest in taking a stake in the club emerged last week and Hoeness admitted it is a deal which could well be realised.

"We are thinking of ways of bringing FC Bayern financially into the Champions League," he explained.

"It is a great signal when a world-renowned company (Audi) has declared itself open to such a partnership, particularly in a time of economical crisis."

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