Bayern Munich president UliHoeness opines that the inflated transfer market is dangerous for football.
The market has seen a drastic upturn of recent as rich clubs pay expensive release clauses to get top rated players.
Recently, state-backed Paris St Germain paid a world record fee of €222 million for Brazilian forward Neymar Jr. The deal doubled the previous record held by Paul Pogba for €100 million. Neymar’s move triggered Barca’ spending of €145 million in a deal to land Ousmane Dembele from Borussia Dortmund as replacement. Then more recently, Monaco reportedly agreed to a €180 million deal with PSG for French youngster KylianMbappe.
Hoeness is very displeased that clubs are paying this much for the players as he provides his own maximum valuations.
“In my opinion, there is no player in the world worth €100 million. I do not want to buy a player for €100 million even if I had the money. That would be too much of a waste of money,”Hoeness, who has served a prison term for tax evasion, said.
He added that world football has reached a tipping point where clubs need to be careful before the irk fans.
“For a long time, there was fear of agents, of players. Now we have to say ‘Enough is Enough’,” he added.
The football chief reclaimed the presidency of the German champions last year after serving his prison sentence. Bayern Munich are among the richest clubs in the world with annual turnover of more than €500 million and fixed deposit of around €200 million.
The Bundesliga side broke their transfer record this summer when they signed French midfielder CorentinTolisso for €41.5 million from Lyon. Aside Hoeness, the club’s CEO Karl-Heinz Rummenigge feels the transfer market has reached a critical point. The CEO said he would prefer having a stadium that paying that much money for Neymar.