Uli Hoeness appeared as a guest on the 30th anniversary edition of the 'Doppelpass' talk show on SPORT1 in Germany on Sunday.
During his appearance, he discussed Bayern's recent transfer business, as well as the inflated market in today's game.
He labelled the Premier League's record spending "completely crazy" and lamented the transfer business conducted in Saudi Arabia.
The 73-year-old is quite an outspoken character, which does make for some entertainment, which he certainly provided on Sunday morning.
The signing of Chelsea striker Jackson was a hot topic, with Bayern reportedly paying a record 14.3 million pounds loan fee for the player.
There is also an obligation to buy for 69.3 million pounds if certain requirements are met, potentially taking the deal up to a whopping 83.6 million pounds.
However, Hoeness has revealed what the requirement is, and eased the concerns of uncertain supporters by claiming Jackson will "never" meet the conditions of the agreement with Chelsea.
The experienced German executive also confirmed that Jackson and his agent paid 2.6 million pounds to reduce the loan fee, meaning the Senegalese is effectively a 13.5 million euros signing.
"If anyone's upset about this loan fee: It's not 16.5million euros because the player and his agent paid 3million euros," Hoeness revealed. "That means the player costs 13.5million euros.
"And that's not a problem at all, because if I buy a player for 80 million euros, it also costs 16 million euros in depreciation per year, so it's 13 million euros.
"The big money only has to be paid if he starts 40 games. He never does that."
Hoeness believes Bayern are "the real winners" of the transfer window and said Florian Wirtz would've been a nice signing, but there was never any intention to pay 150 million euros.
"The fact is, we at FC Bayern are very happy," he said. "We're the real winners of this transfer market.
"Of course, we would have liked to have Wirtz. But we would never have bought him for 150 million euros."
He continued: "We would have liked to have Nick Woltemade. We offered 55 million, Stuttgart wanted 75. Now they've apparently sold him to Newcastle for almost 90 million euros.
"But what Newcastle is doing has nothing to do with football. It's like Monopoly - advance to Schlossallee, then some sheikh will come along, and then you can buy."
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