"Bayern Munich held talks this year with EQT over selling a minority stake to the [Swedish] private equity firm. Negotiations fell apart when Bayern's chief financial officer Michael Diederich, EQT's contact at the club, left in the summer to become co-head of Deutsche Bank's corporate banking business, according to three people familiar with the matter. The Bayern Munich members' association owns 75% of the club, with the remaining shares divided equally between three German companies: Adidas, Audi and Allianz."
"The club's constitution stipulates that members must hold a 70% stake in the subsidiary that runs the operations of its football teams, leaving a 5% stake which they could potentially sell to an external partner. It is unclear which of EQT's funds would have invested in Bayern if the talks had led to a deal. EQT, Bayern and Diederich all declined to comment."
Bayern Munich engaged in talks with EQT about selling a minority stake. Negotiations broke down after chief financial officer Michael Diederich, who served as EQT's contact at the club, left in the summer to become co-head of Deutsche Bank's corporate banking business, according to three people familiar with the matter. The Bayern Munich members' association holds 75% of the club, while Adidas, Audi and Allianz divide the remaining shares equally. The club constitution requires members to retain 70% of the subsidiary that runs football operations, leaving a potential 5% available for external sale. It remained unclear which EQT fund would have invested, and EQT, Bayern and Diederich declined to comment.
Read at Bavarian Football Works
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