Bayern Munich backs changes in the transfer market
Bayern Munich CEO Karl-Heinz Rummenigge endorses changes in the transfer market due to the coronavirus pandemic.
Football has come to a standstill due to the coronavirus pandemic. Bayern Munich has also seen their season cut short due to the virus as Bundesliga and other competitions suspended games at the start of March.
This pandemic is also likely to have massive ramifications on finances in football. Few clubs may struggle to survive due to a lack of matchday revenue. Moreover, there are unlikely to be any fans watching the game in the stadium whenever football resumes.
The transfer market is also likely to face the brunt of this pandemic. There is likely to be a sizeable decrease in the transfer budgets of various clubs. Doubts have been raised about the opening of the next transfer window as the ongoing campaign is yet to be completed.
Bayern is one of the few clubs that can withstand the financial impact of the virus. However, the club wants to see changes in the transfer market. Speaking to TZ (via Kicker), Karl-Heinz Rummenigge insisted that the transfer market needs to see some sort of normality after seeing clubs spend an exorbitant amount of money on players in the recent past.
"“We think about it and talk together. Sums on the player side increased year by year – transfers, salaries, consultant commissions. Now it was time to correct one or the other excess that had occurred in the past ten years.”“A salary cap would be a clear requirement in which you can move.”"
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As soon as football came to an abrupt halt, Uli Hoenesss, former club president, admitted that €100 million transfers would be a thing of the past for some time. He predicts that transfer fees will see a sizeable fall in the next couple of years as football recovers from this massive setback.
Die Roten were expected to be busy in the summer transfer window as they continued to build a young and competitive squad. The German club will still sign players, but they may try to negotiate much lower transfer fees for their primary targets. It will be interesting to see whether they reduce the number of transfer targets for the upcoming summer transfer window.
The clubs across Europe will be hoping that the situation improves quickly and football resumes. The longer it takes for competitive football to return, the more grave will be the impact on the finances of clubs. Moreover, the delay in resumption will also affect the 2020/21 campaign.
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Meanwhile, Die Roten has already taken steps to help the clubs that are going to be financially hit due to the pandemic. Along with other top clubs in the Bundesliga, Rekordmeister has donated a sizeable amount to help the smaller clubs in Germany.