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Daimler invests in football: joining VfB Stuttgart is fixed

Daimler invests in football
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I In the event of a direct resurgence at the end of this season, the car manufacturer will pay 41.5 million euros for 11.75 percent of the AG, which would then be valued at over 350 million euros. If VfB misses promotion this season, Daimler will initially only take a 5 percent stake in the AG for 10.5 million euros. Daimler has no interest in intervening in operational business. However, the car manufacturer would be entitled to two out of nine supervisory board positions of the AG.

The prerequisite for the investment is that the members of the club vote at least 75 percent for the spin-off of the same AG on June 1, 2017. VfB Stuttgart wants to raise a total of 100 million euros with the sale of shares. In the coming years, a maximum of 24.9 percent of the shares are to be sold.

These proceeds are to be invested in full in the professional and young talent sector and further additional income is to be generated from this start-up financing in sponsorship and through the TV contracts.

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