BERLIN, Aug. 25 -- Bayern Munich president Uli Hoeness has renewed his criticism of rising transfer fees in football after the group draw of the 2017/2018 Champions League on Friday.

This time, Hoeness attacked clubs like Manchester City and the club's Group B opponent Paris St Germain for splashing out ending huge sums on international stars.

"Clubs like Manchester City and Paris St. Germain haven't won anything yet. I'm not worried because I'm convinced that money does not inevitably win titles," said the 65-year old.

Drawn in Group B, Bayern Munich will face Scotland's Glasgow Celtic, Belgians RSC Anderlecht and Paris St German, one of the favorites.

Hoeness stressed that the 2013 Champions League winner wouldn't be joining the crazy race for stars by paying immense sums of money to try to secure success. "It's difficult for every club to win the Champions League. Transfers between 100 and 200 million euro are no insurance that you will win a major international title," Hoeness emphasized.

Bayern Munich will stick to a conservative spending policy. "We've decided to keep our coffers topped up and still be competitive enough to be successful. Bayern Munich has to find its own way to when it comes to national and international competitions," the former German international told German media after Paris signed Brazilian striker Neymar Junior for 222 million euro from Barcelona.

Hoeness said that the club feels that, "It's not the right way to find investors prepared to pump billions of euro into a club like Bayern." The German club would be certain to receive several offers but intends to keep its independence.

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