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Home»Sport»Football»Bayern Munich CEO rules out oligarchs, state investors in club
Football

Bayern Munich CEO rules out oligarchs, state investors in club

The Eagle OnlineBy The Eagle OnlineJune 3, 2022No Comments
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Bayern Munich FC’s chief executive officer, Oliver Kahn, is ruling out having investors, or even states, buying into the club.

“Oligarchs will definitely not play a role with us. They never have and they never will,” Kahn said on Thursday.

“And ‘oligarch’ is not really the right word to describe what is happening in the world of football. It is states who have shares in clubs, such as Saudi Arabia at Newcastle United or Qatar at Paris Saint-Germain (PSG).

“Bayern Munich are not only up against oligarchs but even against whole countries.”

German clubs can have investors on board, but under the domestic 50+1 rule, full takeovers are not allowed as the clubs must hold 50 per cent  plus one share.

Kahn, a former Germany and Bayern Munich captain, added that the best financial situation does not help if the team does not win on the pitch.

He said  at the same time the whole club strategy cannot be questioned if they lose a game or are eliminated from a competition.

Kahn believes Bayern Munich will remain competitive internationally owing to the new Financial Sustainability System due to be in place from 2024.

It restricts investments and caps salary payments based on club income.

He said the rule gives him confidence “that we will remain competitive with our means which are also very strong.

“But this will be only if offences are clearly sanctioned on monetary and sporting terms.”

dpa/NAN.

Bayern Munich FC Newcastle United Oliver Kahn Paris Saint-Germain (PSG) Qatar Saudi Arabia
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