Previous
Liverpool
Borussia Dortmund
1
3
FT
Game Details
Manchester United
San Jose Earthquakes
0
0
FT
Game Details
Bayern Munich
Paris Saint-Germain
3
1
FT
Game Details
Minnesota United FC
LAFC
5
1
FT
Game Details
Toluca
Morelia
2
0
FT
Game Details
Santos
Lobos BUAP
2
1
FT
Game Details
Necaxa
América
1
1
LIVE 72'
Game Details
Beijing Guoan
Tianjin Quanjian
3
2
FT
Game Details
Guangzhou R&F
Guizhou Hengfeng FC
1
1
FT
Game Details
Hebei China Fortune FC
Jiangsu Suning
0
0
FT
Game Details
Henan Jianye
Shanghai Shenhua
2
2
FT
Game Details
Italy U19
Norway U19
1
1
FT
Game Details
Portugal U19
Finland U19
3
0
FT
Game Details
Next

Klopp warns U.S. not to pile pressure on Pulisic

International Champions Cup
Read

Klopp admits he is a fan of Dortmund's Pulisic

Transfers
Read

Bayern boss Kovac sees Sanches 'unfreezing'

Bayern Munich
Read

Arp staying at Hamburg, stunning Bayern

Transfers
Read

Bayern CEO rubbishes reports of James exit

Transfers
Read

Gotze: No WC hangover for Bundesliga Germans

Borussia Dortmund
Read

Stuttgart to become closed stock company and gain new investment

Hannes Wolf will be leading Stuttgart in the Bundesliga next season.

Stuttgart members have voted in favour of turning the club's professional football branch into a closed stock company.

The move -- backed by 84.2 percent of voters -- allows the club to bring in new investors, with German car manufacturer Daimler set to take over 11.75 percent of the newly formed company for €41.5 million.

The vote, at the club's general assembly on Thursday, was described as "historic" by Martin Schafer, the head of Stuttgart's supervisory board.

He told reporters: "We have made the first step and we will now continue developing the club so we can play European football again in four or five years."

Stuttgart, who have secured promotion back to the Bundesliga, want to offer up to 24.9 percent of the shares of the closed stock company to investors and hope to raise €100 million.

Most other Bundesliga clubs have already outsourced their football branches into companies, while others -- like RB Leipzig and Hamburg -- have found ways around the "50+1 rule", which stipulates that more than 50 percent of a club must be owned by its members.

Hoffenheim, Wolfsburg and Bayer Leverkusen also operate outside the rule and are owned by individuals or companies.

Hannover, whose president Martin Kind has invested in the club for 20 years, are set to be the next to join that list.

Stephan Uersfeld is the Germany correspondent for ESPN FC. Follow him on Twitter @uersfeld.

Comments

Use a Facebook account to add a comment, subject to Facebook's Terms of Service and Privacy Policy. Your Facebook name, photo & other personal information you make public on Facebook will appear with your comment, and may be used on ESPN's media platforms. Learn more.