Porsche cleared to take 10% share in VfB Stuttgart of the Bundlesliga

The German DFL has authorised Porsche's acquisition of 10.41% of Bundelsiga side VfB Stuttgart. The deal will see the sports car manufacturer acquire an initial 5.49% of the shares, with a second tranche set to be acquired in June 2024.

According to German rules, a Bundesliga club must be majority-owned by the club rather than a private investor. This is the so-called 50+1 regulation, which is intended to keep football clubs in the authority of their associations rather than an investor or investment group.

Porsche is headquartered in Stuttgart and has already sponsored the club. Under the terms of the share deal, Porsche will have two seats on the club's Supervisory Board.

Porsche’s Deputy Chairman and Member of the Executive Board, Finance and IT Lutz Meschke said “We are delighted that the Deutsche Fussball Liga has recognised our investment to be independent. This gives us the opportunity to increase our stake to more than 10 per cent. We want to contribute our know-how actively in order to keep developing the team successfully together with all our partners.We share a great tradition with VfB Stuttgart. Porsche is hereby strengthening its long-term commitment to the Stuttgart region, in which both of us have deep roots.”

Chairman of the Executive Board of VfB Stuttgart Alexander Wehrle stated that “Porsche coming on board is a historic step that will ensure long-term stability and room to manoeuvre for us. We will use this to consolidate the future of VfB and continue to develop.”





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