Bayern president expects transfer fees to dip after coronavirus pandemic
Transfer fees had spiralled in recent years, but Bayern Munich president Herbert Hainer thinks the coronavirus crisis will end the trend.
Neymar joined PSG for a world-record fee of €222million in August 2017
Bayern Munich president Herbert Hainer expects a significant decrease in transfer fees following the coronavirus pandemic.
Deals worth in excess of €100million have been commonplace in the past four years, with Neymar becoming the world's most expensive player when he joined Paris Saint-Germain for €222m in August 2017.
Bayern has been more conservative but broke its transfer record by splashing out €80m on Lucas Hernandez last year.
Links to Leroy Sane and Timo Werner led to suggestions the Bavarian giant was willing to break the bank again, but Hainer believes the inflation in the market will have been stemmed by the proliferation of COVID-19.
Revenues have dried up for clubs across the world, with players at Bayern, Barcelona, Juventus and Atletico Madrid among those to take pay cuts while football is on hiatus.
Asked about the potential impact of the coronavirus crisis on transfer fees, Hainer told Bayern's 51 magazine: "As I said, although serious predictions are difficult to make, it's obvious there'll be changes. I agree with Uli Hoeness' assumption that transfer fees will decrease. That's just logical.
"When income decreases, there's less money in circulation. And given the economic impact of the coronavirus crisis on people's everyday lives, outrageous sums in the millions are even less justifiable than they already were.
"My hope is that more common sense will be applied here as well. I have to take my hat off to Hasan Salihamidzic and our sporting leadership. They're handling the coronavirus situation very well."
Bayern players agreed to a 20 per cent wage reduction during the Bundesliga suspension, which is scheduled to last until at least April 30.
Hainer acknowledged the situation has put clubs in precarious financial positions, but he is confident Bayern will be able to get through the crisis without "any major damage".
"Of course, the situation is very tense. It's about the existence of individual clubs. And even FC Bayern faces a major financial challenge – that's no secret," said Hainer.
"But our club is in an excellent position. We work day after day to ensure that FC Bayern can navigate through this phase without any major damage.
"Despite this immense task, we're looking to the future with confidence."