According to Kicker, Uli Heness is pushing hard for heating technology company Viessmann to invest in FC Bayern Munich.

Bayern hopes to announce Viessmann as its next strategic partner as soon as possible at the annual shareholders' meeting on November 28. Negotiations are currently underway for the Viessmann Group, a family-held holding company centered around Max Viessmann, to acquire a 5% stake in Bayern Munich AG for approximately €250 million.

Max Viessmann is already a member of Bayern's advisory board. However, Kicker reports that no agreement has yet been reached between the two parties.

Newspaper Abendzeitung München reported in late August that negotiations between Bayern and Viessmann were in their final stages, with most major issues resolved and an announcement expected soon. Viessmann declined to comment.

Currently, Adidas, Audi, and Allianz each hold 8.33% of Bayern's company, totaling approximately 25%, while the registered association holds the remaining 75%. If Viessmann acquires an additional 5%, the total shareholding of external investors would increase to 30%, and the registered association's stake would decrease to 70%. Honorary President Uli Heness previously cited the 30% threshold as the limit for external investors. The requested price of €250 million for a 5% stake is noteworthy, as it values Bayern Munich AG at approximately €5 billion.

Will there be a power shift at Bayern?

If Viessmann acquires a stake, the internal power dynamics at Bayern could shift toward the Executive Board. President Karl-Heinz Rummenigge recently criticized the Board's role when the Supervisory Board voted on extending Sports Director Max Eberl's contract. Rummenigge abstained, while the Executive Board recommended approval.

Rummenigge told Abendzeitung München: "The discussion about Max confused me a bit. It felt like the Executive Board had already decided on the contract extension and was simply communicating that decision to the other four members of the Supervisory Board. But that's not how it works. The Executive Board can make recommendations, but the decision is made by the entire Supervisory Board."

For Rummenigge, the Supervisory Board (of which both he and Heness are members) should remain the club's highest authority in the future.

Bayern's Executive Board consists of shareholders from the registered association and companies. Members include President Herbert Hainer, Honorary President Uli Heness, and representatives from Adidas, Audi, and Allianz. These five members also sit on the Supervisory Board, where they already have a majority. If Viessmann joins, the Executive Board's influence could increase further.

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