File Photo: Bayern Munich CEO Karl-Heinz Rummenigge and managing director of TSG 1899 Hoffenheim Peter Goerlich arrive for a general assembly of the German Football League (DFL) in Frankfurt, Germany March 16, 2020, to decide on COVID-19 related measures for soccer in Germany. Arne Dedert/Pool via REUTERS
BERLIN (Reuters) - Football will see a drop in transfer fees and salaries following the COVID-19 pandemic and the sport needs to adapt to a new reality, said Bayern Munich CEO Karl-Heinz Rummenigge.
His team last week secured their eighth successive league crown and despite still fighting for a treble of titles, Bayern should expect their annual turnover of more than 700 million euros ($790.44 million) to drop by about 50 million due to the pandemic, Rummenigge said.
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