Bayern Munich president rules out any big signings this summer

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Bayern Munich president Herbert Hainer has ruled out any big-money signings this summer as the Bundesliga giants tighten their belts due to the Covid-19 pandemic.

“We will add to the squad, but not make any expensive transfers,” Hainer said in a podcast for German daily Bild on Friday.

Flick has asked to be released from his contract and will be replaced by RB Leipzig coach Julian Nagelsmann next season. “That has an impact on our budget framework. We assume we will have about 150 million euros less revenue since March 2020.” In addition, left-back Omar Richards is coming in on a free transfer from English second-tier club Reading.

 

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