Bayern Munich president Uli Hoeness recently expressed his concerns regarding the escalating transfer fees in European football. Hoeness criticized the record spending observed in the Premier League, deeming it as 'completely crazy.' The transfer window witnessed extravagant fees being shelled out by clubs, sparking a debate on the sustainability of such practices.

Hoeness issued a stark warning, suggesting that the current trend of exorbitant transfer fees may lead to a dire consequence. He cautioned that the transfer market bubble could soon burst, leaving clubs in financial turmoil. The Bayern Munich chief's comments shed light on the financial risks associated with the ongoing spree of high-priced player acquisitions.

In a bid to safeguard the interests of German football, Hoeness urged the Bundesliga to steer clear of foreign investment from American hedge funds and Saudi investors. Citing potential threats to the league's integrity and financial stability, Hoeness emphasized the importance of maintaining domestic control over club ownership.