Who owns Bayern Munich?
Professional football at Bayern is run by the spin-off organization FC Bayern München AG. AG is short for Aktiengesellschaft, and Bayern is run like a joint stock company, a company whose stock are not listed on the public stock exchange, but is privately owned. 90% of FC Bayern München AG is owned by the club, the FC Bayern München e. V. (e. V. is short for Eingetragener Verein, which translates into “Registered Club”) and 10% by sports goods manufacturer Adidas, which is also a major sponsor of the club. Adidas acquired its shares in 2002 for €77m. The money was designated to help finance the Allianz Arena.
