Bayern Munich not convinced with new FFP rules

Bayern Munich president Herbert Hainer not convinced by changes in FFP. (Photo by CHRISTOF STACHE/AFP via Getty Images)
Bayern Munich president Herbert Hainer not convinced by changes in FFP. (Photo by CHRISTOF STACHE/AFP via Getty Images) /

The last few weeks have sparked debate surrounding the transfer spending of few clubs in Europe this summer. Bayern Munich is amongst the majority of clubs in Europe that have struggled to spend a lot of money. However, few clubs from England and Paris Saint-Germain have been investing a lot in transfers this summer.

The German Champions activated release clause worth €42 million of Dayot Upamecano this summer. Apart from Upamecano, Omar Richards and Sven Ulreich also arrived in Bavaria on free transfers. After completing these three signings, the club chiefs have insisted that there will be no more big money arrivals this year.

Die Roten has insisted that competing at the top level is going to be difficult due to lavish spending by PSG and English clubs. Earlier this month, Times in England reported that UEFA will soon make big changes to Fairplay rules, which also included luxury tax for clubs that will spend above their limits.

Bayern has not welcomed these changes in the Fairplay rules. While talking to Kicker (via Goal), the club president Herbert Hainer has criticised these changes proposed by UEFA. Hainer believes that the luxury tax will not be of big help to keep the spending of big clubs in check.

"“I’m not at all convinced by this luxury tax. In the event of violations, a club pays 100 million euros in luxury tax, which is shared among the other clubs. This money does not help them decisively and does not really hurt the financial giants. We need valid regulations with clear consequences for fair competition.“Strong attempts at sanctions have too often been revised or toned down in the past. It doesn’t work that way.”"

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Rekordmeister has always advocated strict measures on transfers. Uli Hoeness has been vocal about the inflation of transfer fees witnessed in the last decade. Most recently, the newly appointed club CEO Oliver Kahn advocated the introduction of salary caps to make sure that wages and agent fees are kept in check.

All clubs across Europe have suffered due to the pandemic. Die Roten has recorded losses worth €150 million after playing behind closed doors for 18 months. However, bigger TV deals in England and rich owners have helped Premier League clubs and PSG to spend heavily in a depressed market.

Hainer and Kahn will have to make sure that they make their concerns felt at European Club Association (ECA) to bring much more positive changes in the FFP rules. The changes in FFP should try to make the sport more competitive rather than given an advantage to elite clubs.

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On the transfers front for this summer, Rekordmeister is exploring opportunistic deals. Things could move quickly in the next couple of weeks for the German club if they manage to sell well in a depressed transfer market. Just like last summer, Rekordmeister is likely to have a busy end to the window after remaining quiet for weeks.