Bayern Munich president Herbert Hainer talks contract renewal of midfield duo, slams “luxury tax”

Bayern Munich have been working on the contract renewal of Leon Goretzka and Joshua Kimmich for a while now. Reports suggest that the latter has already signed his new contract and the confirmation is said to be made public shortly.

In an interview given to kicker, club president Herbert Hainer was asked whether the front office is willing to keep the midfield duo at any cost. Being confident that the negotiations would not possibly reach a point where the club has to be held ransom, he said: “They will certainly not be kept ‘at any cost’. The players know what they have at Bayern, they are paid very well here too, everyone gets their salary. And they can win titles with us now, and also in the future.”

In the wake of an insane transfer window, UEFA are reportedly planning on getting rid of the Financial Fair Play and replacing it with a salary cap and luxury tax — the clubs that breach the cap will have to pay an equivalent or more of the overspent money which will be shared among other clubs in the competition. Hainer is not a big fan of the “luxury tax” and has picked holes in the newly planned system.

He said, “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”, added Hainer.

UEFA plan on presenting the proposals next month and hope to implement it by next year.

(Quotes via @iMiaSanMia on Twitter)