Bayern Munich: Uli Hoeness confirms no big transfers in summer

Former Bayern Munich president Uli Hoeness confirms that club will not make big money signings in summer. (Photo by Alexander Hassenstein/Getty Images)
Former Bayern Munich president Uli Hoeness confirms that club will not make big money signings in summer. (Photo by Alexander Hassenstein/Getty Images) /

After ending the season strongly, Bayern Munich is gearing up for an eventful summer transfer window. The German Champions will welcome Julian Nagelsmann at the club and look to improve the squad to compete for big titles next season.

Die Roten announced the second signing of the summer on Thursday as Omar Richards completed a move from Reading. The 23-year-old left-back joins on a free transfer since his contract at Reading FC was coming to an end this summer. Richards will act as cover for Alphonso Davies from next summer.

Prior to Richards, Die Roten had confirmed the transfer of Dayot Upamecano from RB Leipzig. The French defender will arrive at the club after playing U21 Euros. Bayern will be activating his release clause worth €42 million in the summer to complete the transfer.

After these two arrivals, Die Roten is unlikely to spend heavily on one big transfer. While talking to Sport1 this week, former president Uli Hoeness confirmed that the club has decided to not spend big money on transfers in the summer.

"“There will be no big transfers. You can forget about that. This was discussed between the executive board and the supervisory board at the last meeting.”"

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Rekordmeister reportedly wants to improve the midfield department and right back to the squad. The departure of Douglas Costa may also force the club for a winger to provide cover in the attacking position. It will be a big surprise if any other profiles are targeted apart from these three players.

The pandemic has been devastating for various clubs, including Bayern. Since there were no fans in the stadium for the entire season, Rekordmeister has also suffered heavy losses. In such a scenario, signing expensive players and handing them big wages is problematic for the German Champions.

Along with signing new players, Die Roten also needs to secure the future of numerous key players in the squad. Earlier this week, Oliver Kahn told Sport1 that they will not break the wage structure at the club during contract talks with players. The comment from Kahn comes at a time when Kingsley Coman switched to Pini Zahavi as one of his advisers. Die Roten found it difficult to reach an agreement with Zahavi for the contract renewal of David Alaba. They face similar tricky negotiations for Coman in the coming months.

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Regarding transfers, the German Champions are likely to do business in July due to Euros, Copa America, and U21 Euros. The majority of players will be focusing on games with their countries, so a quiet June can be expected for Die Roten.