Bayern Munich CEO Karl-Heinz Rummenigge has slammed Italian champions Juventus for wasting £100m buying Cristiano Ronaldo from Real Madrid.

The Serie A giants have secured the Portuguese superstar’s signature on 10 July signing a four-year contract in a £105m deal.

The former Manchester United star has now become the most expensive player over 30-year-old in football history.

However, Rummenigge admits he was surprised to see Juventus splashing such amount of money for a player of 33 years old.

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“Ronaldo? I was surprised by the fact that Andrea Agnelli decided to make this deal happen, but from Juve’s point of view it makes sense,” the Bayern chief executive told Merkur.

“Italian football has lost ground in recent years, but we’d never invest all that money on a 33-year-old player.”

“If prices are inflated then the fault lies with Manchester City and Paris Saint-Germain,” Rummenigge added.

“There’s no need to go crazy to win the Champions League.”

“Just look at what Real Madrid have done in the last few years without spending almost anything and this is also our philosophy.

Rummenigge, whose side have only spent £17m for Canadian winger Alphonso Davies so far this summer, has also enjoyed Serie A football between 1984 and 1987 while playing for Inter Milan.

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