BERLIN: Bayern Munich will be able to boost their star-studded squad in future after paying off the 346 million euros (US$433.245m) cost of their Allianz Arena -- 16 years ahead of schedule.
"It's completely paid off," Bayern chairman Karl-Heinz Rummenigge wrote in the match magazine before Saturday's Bundesliga clash at home to Hoffenheim.
"We have financed our stadium completely by private means."In the year 2005, we borrowed exactly 346 million euros in a 25-year plan, which was to last until 2030.
"Now we have paid the stadium off after only nine-and-a-half years. I'm very proud of that."
"It's completely paid off," Bayern chairman Karl-Heinz Rummenigge wrote in the match magazine before Saturday's Bundesliga clash at home to Hoffenheim.
"We have financed our stadium completely by private means."In the year 2005, we borrowed exactly 346 million euros in a 25-year plan, which was to last until 2030.
"Now we have paid the stadium off after only nine-and-a-half years. I'm very proud of that."
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