#wage-bill

#wage-bill

Serge Gnabry wants to stay at Bayern Munich The ball is now in Bayern's court! Sporting director Max Eberl was charged in the summer with the important task of lowering the squad wage bill. After moves for Florian Wirtz and Nick Woltemade fell through, Eberl was hamstrung in the market, with Uli Hoeneß and the supervisory board ordering a loans-only policy.

Our commercial business remains strong as we continue to deliver appealing products and experiences for our fans, and best-in-class value to our partners. As we start to feel the benefits of our cost-reduction programme, there is significant potential for improved financial performance, which will, in turn, support our overriding priority: success on the pitch.

The development of transfer fees must be viewed in the context of club revenue. In 2000, FC Bayern's revenue was 283 million Deutschmarks, equivalent to 144.7 million euros; last year it was 951.5 million euros, more than six times as much. The transfer fees aren't the problem; they are amortized over the term of the contract. In Harry Kane's case, with a four-year contract, the 100 million euros burden FC Bayern with 25 million euros per annum.