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Bayern Munich pay off stadium debt early

MUNICH -- Bayern Munich chairman Karl-Heinz Rummenigge says the club have "completely paid off" their stadium debt nearly 16 years ahead of schedule.

Rummenigge told the club magazine: "In 2005 we borrowed exactly 346 million euros in a 25-year plan, which was meant to last until 2030.

"Now we have paid the stadium off after only 9 1/2 years. I'm very proud of that."

He said there is just a "very small amount'' outstanding to conclude the deal.

Bayern share their 71,137-seat Allianz Arena, which opened in 2005, with second-division 1860 Munich.

1860 sold their 50 percent 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 play, and blue when 1860 do.