International

Bayern Munich extend Audi sponsorship deal

2020-01-15 06:58
Philippe Coutinho
Philippe Coutinho (Getty Images)

Berlin - Bayern Munich have extended their sponsorship deal with automotive manufacturer Audi until 2029, the German champions announced on Tuesday.

According to German tabloid Bild, Audi, who have sponsored the Bavarian giants since 2002 and have been shareholders since 2011, will pay Bayern €60 million a season instead of the current €40 million.

The duo's previous contract ran until 2025.

"For Bayern, this agreement is an important step for the coming years," said club president Karl-Heinz Rummenigge.

Last season Bayern generated €660 million of revenue according to consulting firm Deloitte, which ranks the five-time European champions fourth in its Money League behind Barcelona, Real Madrid and Manchester United.

In June, Bayern sued BMW for between 10-20 million euros following the failure of a sponsorship deal between the club and automobile giant, which reportedly demanded that their contract with rival Audi be broken before any deal between the parties be done.

 

Read News24’s Comments Policy

Live scoring

 
 
Men
Women
Love 2 Meet
English Premiership flutter

Take Sport24's "expert" tips at your peril...

Sport24 on Twitter

Follow Sport24 news on Twitter

Featured

The 2018/19 Absa Premiership season is in full swing. Will Mamelodi Sundowns retain their title? Or can one of Kaizer Chiefs, Orlando Pirates, Wits, SuperSport United - or another team perhaps - snatch glory from the Brazilians? Be sure to visit Sport24 for all the latest news!

Latest blogs
Vote

After Stuart Baxter stepped down as Bafana Bafana head coach, who would you like to see take over?

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

 
There are new stories on the homepage. Click here to see them.