Bayern's Rummenigge says Newcastle were 'idiots' to pay so much for Woltemade

Newcastle United's Nick Woltemade celebrates scoring against Arsenal. Pic: Owen Humphreys/PA Wire.

Bayern Munich board member Karl-Heinz Rummenigge said Newcastle United were "idiots" for meeting VfB Stuttgart's asking price for Nick Woltemade after they stumped up a reported 63 million pounds ($84.74 million) for the German striker.

Bayern had also been interested in signing the 23-year-old but dropped out of the running due to the fee quoted by their Bundesliga rivals.