Bayern close to securing €100m Audi Deal

The Guardian has reported that Bayern Munich are close to securing a sponsorship deal with German car manufacturers Audi – a deal which is worth more than €100 million. Audi could also be negotiating to invest in the club although it is not yet clear what percentage of the club it is interested in securing.

Club Manager Uli Hoeness was quoted saying that this is a long term contract signifying a an advertising contract as well as a participation in the club.

“This is a participation (in the club) and a long-term contract,” Hoeness told Sky Television late on Sunday. “It is a package. An advertising contract and a participation. The amount is well over 100 million.”

The deal is set to be finalized before the club’s annual general meeting to be held on November 27.
The club is currently in third place in Group A of the Champions League and should they fail to get the 3 points tonight against Bordeaux they could make things worse for themselves if they want to qualify for the knock-out phase. Bayern are on 4 points, Juventus second on 5 points and Bordeaux leading the group with 7 points.

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