Simplify the following text for a Grade 6 native English-speaking person.
Original: FC Bayern Munich was founded by members of a Munich gymnastics club ( MTV 1879 ) . When a congregation of members of MTV 1879 decided on 27 February 1900 that the footballers of the club would not be allowed to join the German Football Association ( DFB ) , eleven members of the football division left the congregation and on the same evening founded FuÃ ball-Club Bayern MÃ 1\/4 nchen .
Simplified: The FC Bayern Munich , also known as Bayern MÃ 1\/4 nchen , is a well-known German football club .