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Newcastle Poised to Sign Nick Woltemade in €85 Million Move

Bayern officials cast the likely transfer as evidence of the Premier League’s financial edge.

Overview

  • Sky reports the Stuttgart striker is on the verge of joining Newcastle for about €85 million, with up to €5 million in bonuses.
  • Bayern had reached personal terms with Woltemade, but the move faltered over the transfer fee and reportedly the salary package.
  • BILD reports Bayern were prepared to pay around €55 million and the player’s agency would forgo roughly a 10% commission, while Stuttgart sought at least €75 million.
  • Sporting director Christoph Freund said Premier League clubs have overwhelming financial power and described the market gap as extreme.
  • Coach Vincent Kompany pointed to Premier League TV revenues that create budgets competitive with top Bundesliga clubs, calling it the financial reality.