Bayern Munich chief Uli Hoeness accused Newcastle United of spending ‘Monopoly money’ following their signing of German international Nick Woltemade.

Woltemade joined Newcastle from Stuttgart for a club-record fee of £69million in a move that ultimately paved the way for Alexander Isak to join Liverpool on deadline day.

The tall German scored 12 goals in his only league campaign for Stuttgart and further impressed at the Under-21 Euros over the summer.

Woltemade had been in talks to sign for Bayern Munich earlier in the summer window, with reports suggesting that the 23-year-old had reached a verbal agreement to join the Bundesliga champions.

However, Bayern fell considerably short of Stuttgart’s valuation of the striker and were only willing to offer around €55 million (£47.7m).

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