audi

BMW to supersede AUDI as the official car partner of Bayern Munich: Reports

In shattering news going to be for the German car-maker Audi, BMW is purportedly going to replace them as the official club car partner of German Football Major Bayern Munich.

Audi deal for the club sponsorship is not going to dead anywhere short before 2025.

However, as per internal reports BMW has persuaded the club authorities Uli Hoeness to replace its German rival and is also ready to pay whooping sum as in annual fee purchasing Audi’s stake in the club.

It is believed that the British car manufacturer BMW will buy Audi’s 8.33 percent stake invested in Bayern Munich which was acquired by Audi for $105.3 million (€90m) in 2011.

Besides, BMW is eager to pay more than $35 million (€30m) per annum that Audi currently contributes as part of its sponsorship deal.

In the meantime, Audi has reached the club with a €60 million deal so that to extend their contract by more 5 years.

There are some reports suggest that Bayern Munich wants to cut their ties with Audi because of its parents company Volkswagen involved in Nox emission scandal. However, cutting off the deal with Audi might not come without complications and legal battles.




Leave a Reply

Your email address will not be published. Required fields are marked *

two × three =

      SUBSCRIBE NEWS LETTER
X

To help personalise content, tailor your experience and help us improve our services, Sportzbusiness.com uses cookies. By navigating our site, you agree to allow us to use cookies, in accordance with our Privacy Policy.