Bayern Munich sporting director Christoph Freund believes Nick Woltemade has not joined a ‘top-tier club’ in Newcastle United.
The Bundesliga champions had held talks to sign Woltemade this summer and reached an agreement with the 23-year-old during Germany’s Euro Under-21 Championship campaign in June.
Nonetheless, Bayern fell considerably in need of Stuttgart’s €100m (£85.4m) valuation of the striker and were only willing to supply around €50 million (£42.7m).
Newcastle have now reached an agreement with Stuttgart which can see the Premier League side pay €75 million (£65m) plus €5m (£4.3m) in performance-related add-ons.
Woltemade, who was signed on a free transfer last summer and scored 12 goals within the Bundesliga last season, has now accomplished his medical with Newcastle ahead of Monday’s transfer deadline.
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Speaking in regards to the transfer on Friday, Freund suggested Woltemade’s move to Newcastle demonstrates the Premier League’s significant spending power.
‘You will have discussions, you’ve a certain relationship,’ Freund said.
‘Ultimately, it’s the player’s decision as to what’s one of the best step for his profession. We’re not involved in that.
‘While you see what number of top players have moved from the German Bundesliga to the Premier League within the last twelve months, including during this transfer window.
‘The sums of cash are flowing, how much money is at stake, that they’ve brutal opportunities within the Premier League. Not only two or three clubs, many clubs.
‘Newcastle are club, but not the highest tier. That’s quite extreme.
‘There are lots of good players, we’ve to search out the proper ones for us, we’ve to place together the proper team.
‘The English clubs have had probably the most money for a very long time, yet there are at all times other clubs that may compete. Because they make clever transfers, because they put together coaching team, because they play a sort of football that matches together. It’s a team sport, in spite of everything, every thing has to come back together.’
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