Bayern Munich chief explains how coronavirus crisis will affect transfer market

Bayern Munich president Herbert Hainer is expecting transfer fees to drop significantly following the coronavirus pandemic.

It is known yet known when the summer transfer window will open, with football currently suspended as the world combats the spread of deadly Covid-19.

Transfers worth £100million-plus were being touted before the outbreak of the virus, with Jadon Sancho, Paul Pogba and Timo Werner among those expected to be on the move.

Bayern are among several clubs believed to be competing for the signature of RB Leipzig hotshot Werner, while they are also expected to swoop for Manchester City winger Leroy Sane.

But with revenues drying up for clubs across the world while football is at standstill, and players at clubs such as Bayern, Barcelona and Juventus taking pay cuts, Hainer predicts that transfer fees will decrease once football is back in business.

"Although serious predictions are difficult to make, it's obvious there'll be changes," Hainer told Bayern's 51 Magazine.

"I agree with Uli Hoeness' assumption that transfer fees will decrease. That's just logical."

Paris-Saint Germain's £200m capture of Neymar three years ago still represents the world's biggest ever transfer fee, while recent speculation was of a similar price tag should his teammate Kylian Mbappe leave the French club.

And Hainer says such astronomical amounts of money are being put into perspective by the practicalities of the fight against coronavirus.

"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."

Bayern players have agreed to a 20% wage reduction during the Bundesliga suspension, which is scheduled to last until at least April 30.

And Hainer is confident Bayern can overcome the "major financial challenge" facing the German giants.

"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.

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