Manchester United's chances of signing England star Owen Hargreaves from German club Bayern Munich may have finally hit the buffers due to Germany's tax laws, the club president revealed last week.
United have been chasing Hargreaves, arguably England's best player in the last summer's World Cup tournament, for some months, and were prepared to pay handsomely for his services.
However, Bayern's president, Karl-Heinz Rummenigge, now claims that even a transfer fee of EUR30 million (US$38.5 million) would not be enough for United to land Hargreaves because the tax implications of such a deal would leave the German club out of pocket.
"We thought about what to do if we got a good offer, but we will not sell him. Only the financial minister would be happy about the transfer," Rummenigge told Sky Sports.
"Even if we get EUR30 million for Hargreaves, and we sign a player for that, we can only get the tax back on contracts," he added.
According to Rummenigge, a four-year deal would mean that Bayern would earn EUR22.5 million in the first year and would have to pay tax on this sum.
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