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Bundesliga champions FC Bayern Munich and MLS champions Los Angeles FC have announced a joint venture to develop youth talent. 

According to a press release from Bayern, the joint venture - Red&Gold Football  - aims to, 'develop international talents, also in cooperation with partner clubs, for their own teams and for professional football.' 

'We see this partnership as an opportunity to strengthen FC Bayern in the sporting competition with the best clubs in Europe and the Bundesliga,' said Bayern team CEO Oliver Kahn. 

'The fact that the 2026 World Cup will largely take place in the USA, where we already have an office in New York, makes Los Angeles even more attractive. I expect a boost in quality and young talent in Major League Soccer, which will have a positive impact on our partnership.'

Bayern's Chief Sports Officer Hasan Salihamidzic said this partnership will benefit their youth teams at their development campus that opened in August of 2017.