Football News

Rummenigge rubbishes Bayern investor rumours

Created on 28 Nov., 2012 9:41 AM GMT

Bayern Munich chief Karl-Heinz Rummenigge has played down the chance of the Bundesliga giants finding themselves a new investor.

The Bavarian club have major investment from both Adidas and Audi, but are supposedly searching for another company to buy into their shares.

"There is nothing concrete. What has been reported is partly wrong," Rummenigge told sport/business magazine Sponsors.

"In theory, it would be possible to get another sponsor alongside Adidas and Audi on board, but there is neither a concrete plan, nor talks for such.

"We may not even make use of it (the idea)."

While the club may consider a new investor, Rummenigge was quick to divulge precautions were in place to ensure that the club retains at least 70 per cent of its shares.

"We have imposed the rule that at least 70 per cent of the shares must remain in club hands, but until then we have to sell just under 11.8 per cent," he said.

Loading ...