Incredible figure: Bayern to spend €120 million on Davies' contract renewal

Bayern Munich has reached an agreement with Alphonso Davies on a contract extension, but keeping the Canadian star will come at a significant financial cost for the club.

Details: According to Bild, Bayern’s management will allocate €120 million to secure the left-back’s new deal. This figure includes his salary over five years, bonuses, and signing-on fees.

Despite the hefty sum, Bayern believes they are saving money in the long run, as finding a suitable replacement for Davies would have been even more expensive had they let him leave.

Reminder: Real Madrid was considered one of the main contenders for the 24-year-old, but this renewal effectively rules out a transfer.