Bayern Munich has opened a £64.1 million ($83 million) youth academy.

David Alaba was the last homegrown player to graduate into Bayern's first team in 2010. The club wants to produce one first team player per year from the academy.

The new "FC Bayern Campus" near the Allianz Arena stadium, covers 30 hectares, boasts a small stadium plus seven other football pitches, sprint hills, a gym, sports hall, cafeteria and a boarding school.

"I am convinced that we can give the right answer to the development of international football, to the whole transfer madness and the exploding salaries," said Uli Hoeness.

"We see in this campus the chance to generate a lot of success."