Bayern Munich confirm €150 million losses due to COVID-19

Bayern Munich president Herbert Hainer confirms extent of losses due to COVID-19. (Photo by Sebastian Widmann/Getty Images)
Bayern Munich president Herbert Hainer confirms extent of losses due to COVID-19. (Photo by Sebastian Widmann/Getty Images) /

Bayern Munich welcomed Dayot Upamecano to Sabner Strasse on Monday. There is excitement around the young defender as he massively improves the squad. Die Roten needs at least two more signings to plug holes in the squad, but they are looking unlikely right now.

The club chiefs have consistently insisted that big money signings are unlikely to take place after the arrival of Upamecano. The German Champions activated his release clause, which is reportedly close to €40 million.

Apart from Upamecano, Die Roten is also set to welcome Omar Richards and Sven Ulreich during pre-season training. Both players arrive on free transfers, but they will fill big voids in the squad. Richards will provide depth in the left-back position, while Ulreich will replace Alexander Nubel. The young German shot-stopper joined Monaco on a two-year loan deal.

The rest of the business may take place as last summer when Bayern signed multiple players for a very less cumulative fee in the final days of the window. The club chief Herbert Hainer emphasised on strict budgets by confirming the extent of losses due to the pandemic. While talking to the media on Monday (via iMiaSanMia), Hainer confirmed that losses suffered by the club are close to €150 million.

"“We are assuming a loss in revenues of 150 million euros in the last year and a half.”"

More from Bayern Strikes

Hainer did admit that fans will return to Allianz Arena from next season. The return of fans will bring much-needed relief for the club’s finances. The German Champions are still keeping all options open in the window even though they are unlikely to compete in the market for star players.

Moreover, further departures in the squad could dictate Die Roten’s business in the rest of the transfer window. Corentin Tolisso and Niklas Sule are facing an uncertain future at the club with only one year left on the current deal. Sule has been heavily linked with Chelsea, while Italian clubs have shown interest in Tolisso.

Apart from transfers, Die Roten will be hoping to secure the future of few players in the current window. Leon Goretzka, Joshua Kimmich, and Kingsley Coman are entering a crucial phase of their contract at the club. Goretzka has only one year left on the deal, while the other two players have contracts until 2023.

Next. Bayern Munich tracking Rennes winger Jeremy Doku. dark

There are few complications surrounding contract talks with Goretzka and Coman. However, new CEO Oliver Kahn is confident about reaching an agreement with both players. Kahn was unveiled as the club’s new CEO on Monday. Kahn and Hasan Salihamidzic will have a lot of work to do in the window within the financial constraints caused due to the pandemic.