“We didn’t buy Upamecano to make him our big-name signing, but out of necessity,” Rummenigge said. “We will see David Alaba leave and perhaps one or two more defensive players too. We wanted to get the best quality available on the market for that important position — that’s Upamecano. Beyond that, we will have to be sensible and clever. Everyone I talk to wants to reduce their payroll (because of COVID-19). That also applies to Bayern. Transfer fees went down by 50 percent last season, which was good, but the wages haven’t adjusted downward accordingly.”
Rummenigge went further in saying that negotiations are getting more difficult because agents and players are not factoring in the economic impact of the pandemic into discussions.
“We find that players and their agents are not happy to renew under existing conditions but want more. It’ll be an interesting transfer market,” Rummenigge said. “It’ll be instructive to see whether the best players will have the upper hand in that regard.”
With Joshua Kimmich, Leon Goretzka, Niklas Süle, and Kinglsey Coman among others all either currently in negotiations or schedule for discussions in the near future, Bayern Munich is going to get a clear vision on what the financial landscape looks like in the COVID-19 Era.
“We need to rely on players and agents understanding the situation. The whole football industry, the whole world has been damaged by COVID-19. I’m curious to see if there will be one club in Europe that can break even this season. It’ll be challenging, even for us,” Rummenigge said. “We’ve lost €4 to €5 million per game, you can workout what that means in total. After more than one year without fans, the income loss has been much greater for the big clubs. Some of the smaller clubs, who rely on selling, will sustain real damage as well. There will be maybe two, or three clubs who are able to buck the trend. Chelsea’s numbers, for example, look very positive. Marina (Granovskaia) has done a very good job. But we won’t see any all-time-high records tumble this summer, that’s for sure.”