Bayern Pays Off Allianz 16 Years Early, Will Have Extra
Posted: Fri Nov 21, 2014 5:48 pm
Bayern Munich have paid off the cost of building Allianz Arena 16 years ahead of time.
"We have financed the entire stadium privately and for that we took exactly 346 million euros into our hands in 2005 with a financing plan to 2030, so 25 years," said CEO Karl-Heinz Rummenigge.
"Now we have paid off the stadium completely after 9-1/2 years."
Bayern will have about €25 million extra a year to buy players, according to the calculations of former club president Uli Hoeness a few years ago.
Rummenigge did not give an actual figure but confirmed "that the revenues from the Allianz Arena can soon also be invested in the quality of the team."
Via Reuters