~~ Reports now stating that Pep & Co. will have another €25m or so to spend during transfer windows after paying off the €340m stadium almost sixteen years early…. #PrintingEuros
In his column for the latest edition of club journal Bayern Magazin, published prior to the home meeting with1899 Hoffenheim, Karl-Heinz Rummenigge makes an important and highly positive announcement: All debts, loans and costs related to the construction of the Allianz Arena have been “paid off in full,” the FCB chairman declares, “all that remains is a very small sum due to technical procedures.” The costs were originally scheduled to be paid down over a 25-year period, “but we’ve actually paid for the stadium in only nine and a half years,” Rummenigge continued, “and this has been achieved without a single Euro in subsidy from federal funds, the state of Bavaria or the city of Munich.”
** ISPS Note **
I don’t normally barge in on posts, but I think this will be value add – Be advised that bayern Munich has some of the lowest ticket prices in all of soccer. The best team in the world has season tickets that start out at £109.65. Which is $172 USD. And thats not a per game price, that is the price for the ENTIRE season ticket.
Bundesliga as a whole has ridiculously low season ticket prices actually. And, not only do they keep the season ticket prices down, as a league, the teams put a limit on the total amount of season tickets sold to around 50% so that more real fans get to come to the games.
One of the things that we see here in America and American sports in general is that the fan dollar is mortgaged to the hilt and team owners line their pockets by jacking up ticket prices and concession prices and merch prices, etc, all the while in most situations the fans and citizens of the community are the ones paying for the stadiums to be built anyways with taxes and subsidies and bond measures.
I, for one, am a huge capitalism guy and I think its the best economic and political system in the world, but, I am also a fan and get ridiculously frustrated with team owners taking advantage of my fanaticism and being overly greedy by turning sports into cash machines. Goof to see this story come out.
** ISPS opinion **