Bayern Munich's CEO thinks that the Bundesliga has dealt with the Covid-19 crisis relatively well: https://www.bavarianfootballworks.com/2020/12/27/22201440/bayern-munich-karl-heinz-rummenigge-interview-corona-virus-future-2021-fans-allianz-arena-finances
He is also expecting that the crisis will lead to a reduction in 'riduculous' transfer fees: 'We’re not experiencing absurd sums like we did two years ago, and I doubt whether the amounts will ever reach such dimensions again. In principle, that’s good because very few fans had any understanding for those astronomical sums.'
That may be the case, but world class players are in short supply and demand for them is high. One might regard the price paid for some paintings as absurd but it reflects their perceived value to those who purchase them. In some ways the analogy is quite useful as the price of a painting is to some extent influenced by fashion and this also applies to football players.
Some clubs will still have money because they have owners who have and are willing to splash the cash and this will underpin the market to some extent, although it will be interesting to see what happens.
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