Bayern Munich chairman says stadium debt paid off

Bayern Munich earned the biggest share of FIFA revenue of all European football clubs. (Alessandra Tarantino/AP)

MUNICH — 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 per cent 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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