Organization and Finance
Professional football at Bayern is run by the spin-off organization FC Bayern München AG. AG is short for Aktiengesellschaft, and Bayern is run like a joint stock company, a company whose stock are not listed on the public stock exchange, but is privately owned. 90% of FC Bayern München AG is owned by the club, the FC Bayern München e. V. (e. V. is short for Eingetragener Verein, which translates into "Registered Association") and 10% by sports goods marketers Adidas, which are also a major sponsor of the club. Adidas acquired its shares in 2002 for €77m.
Among the main advertising partners of the club are Deutsche Telekom (jersey rights), Audi, Siemens, Lufthansa airlines and Coca-Cola. In previous years the jersey rights were held by Adidas (1974-78), Magirus Deutz and Iveco (trucks / 1978-84), Commodore (computers / 1984-89) and Opel (1989-2002)
The President of the club is Franz Beckenbauer. He is also chairman of the supervisory board of the AG. The Chairman of the executive board of the AG is Karl-Heinz Rummenigge, also a former player of the club. However, most of the actual power is exercised by another former player, Uli Hoeness, who is officially deputy chairman of the executive board of the AG; his position is best described as general manager. He has been in office since 1979.