The club's new 70 million euro academy is its answer to the "crazy things going on in the international transfer market," Hoeness commented.

Other than Real Madrid, no other club, no matter how much they have invested, has been a regular Champions League winner. The Bavarian club prefers to invest in infrastructure rather than in expensive players.

Hoeness was supported by the former German international, Lothar Matthaeus. The 56-year-old told the German pay-tv channel "sky" that, "Bayern has the quality to win the 2017/2018 Champions League."

He felt that up to 10 teams could win this season's competition. In addition to Bayern, Matthaeus sees titleholder Real Madrid, Paris, Juventus Turin, Barcelona and the Premier League clubs Manchester United, Manchester City and Chelsea as potential winners.

The Champions League final will take place on May 26th 2018 in Kiev.

All three German participants are hopeful of progressing past the group stage of the Champions League. The 2017 German champion Borussia Dortmund will face the hardest group as it has been pitted against Real Madrid, Tottenham Hotspur and Apoel Nicosia in Group H. Dortmund and Tottenham are expected to battle for the second place that guarantees a berth in the last 16.

Last season's Bundesliga newcomer, RB Leipzig is happy about what seems to be the easiest group as the East-German side will be up against AS Monaco, FC Porto and Besiktas Istanbul in Group G.

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