Audi to buy into Bayern

Car manufacturer Audi is set to buy a 9.5 percent stake in German football giants Bayern Munich in a deal worth 80 million euros, according to reports here on Sunday.
According to a report on German magazine Stern's online website, the deal has been approved by both boards and the contract will be signed in the next few days.
Audi's chairman of the board Rupert Stadler is set to be invited onto Bayern's board.
After German sportswear giants Adidas invested in the Munich club in 2002 for 77 million euros, the deal would make Audi Bayern's second main investor.