Red and Gold Football will be based in Munich, Germany
In a joint venture to develop young talent, FC Bayern Munich and LAFC launch Red And Gold Football. As a global soccer development cooperation, Red and Gold will provide a platform for talent as well as a gateway for first team soccer.
“A partnership of this magnitude is the next step in our evolution as a Club,” said LAFC Co-President & General Manager John Thorrington as FC Bayern Munich and LAFC launch Red And Gold Football. “We are extremely excited to work together with FC Bayern to identify and develop young talent in Southern California and beyond and believe this relationship will provide players throughout our systems the ability to maximize their potential and see a clear pathway to first team football.”
Both FC Bayern Munich and LAFC own half of the shares for Red and Gold. As part of a worldwide development drive, the joint venture is expected to collaborate with other football clubs and development schools throughout the world.
“FC Bayern will expand its promotion of young talent with Los Angeles Football Club,” said CEO and Chairman of the Board of Management at FC Bayern, Oliver Kahn. “On an international level, soccer is developing rapidly, which is also evident in the transfer market. We see this partnership as an opportunity to strengthen FC Bayern in the sporting competition with the best clubs in Europe and the Bundesliga.
“This is a truly special moment for LAFC,” stated LAFC Co-President & CBO Larry Freedman in regards to Red And Gold Football. “We look forward to working together with our partner FC Bayern to not only develop talent and continue to grow our sport and our brand on the global stage, but to share best practices and improve our organizations off the pitch as well.”
In order to encourage the development of soccer in North America, FC Bayern Munich launched its first overseas office in New York in 2014. Once the first overseas project was a success, the club formed offices in both Shanghai and Bangkok.