FC Bayern Munich and Los Angeles Football Club (LAFC) have today announced a global soccer development cooperation, named “Red&Gold Football”, which will provide a platform for young talent featuring high-level development and a pathway to first team soccer. The initiative sees the European powerhouse and reigning Major League Soccer champions set up a joint venture based in Munich.
“A partnership of this magnitude is the next step in our evolution as a Club,” LAFC Co-President & General Manager John Thorrington said. “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.”
FC Bayern and LAFC each own 50 percent of the shares “Red&Gold Football”. The joint venture envisions further cooperation with other football clubs and development academies throughout the world as part of a global development initiative.