It was not clear what percentage of the club the German automaker was negotiating to acquire and what length the sponsorship deal would be.
"This is a participation (in the club) and a long-term contract," Hoeness told Sky Television late on Sunday. "It is a package. An advertising contract and a participation. The amount is well over 100 million."
Hoeness said the deal was yet to be finalised but he expected an announcement before the club's annual general meeting on Nov. 27.
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