MUNICH (AP) - Bayern Munich has “completely paid off” its stadium debt nearly 16 years ahead of schedule, says chairman Karl-Heinz Rummenigge.
“In 2005 we borrowed exactly 346 million euros in a 25-year plan, which was meant to last until 2030,” Rummenigge told the club magazine.
“Now we have paid the stadium off after only 9 1/2 years. I’m very proud of that.”
He says there is just a “very small amount” outstanding to conclude the deal.
Bayern shares its 71,137-seat stadium, which opened in 2005, with second-division 1860 Munich.
1860 sold its 50 percent stake to its larger city rival in 2006, while maintaining the right to play games there.
The stadium, which is sponsored by a financial services company, is illuminated in red when Bayern plays, and blue when 1860 does.
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