Bayern midfielder Thiago Alcantara says it will be as hard as ever to win the Champions League. Photo: Dave Thompson/AP Photo

MUNICH  Bayern Munich's chances of winning the Champions League have not diminished since the recent rise of mega-rich clubs, according to the German club's midfielder Thiago Alcantara.

"In my opinion it's as hard as it was before, nothing has changed," the 28-year-old Brazilian said in an interview published on Tuesday in magazines Spox and Goal.

"It's always difficult to win the Champions League. You think of all the great teams that go away empty-handed year after year."

Bayern last won the Champions League in 2013. Since then, European football has seen transfer fees inflate dramatically, with the English game in particular awash with money - some of it flowing from the Gulf states.

That money has bypassed Germany, where ownership rules preclude wealthy foreign investors from taking charge of clubs.

Manchester City are funded by backers from the United Arab Emirates. In France, much of Paris Saint-Germain's domestic dominance is down to Qatari money. Yet both clubs have failed to win European club football's biggest prize.

Meanwhile Thiago believes Bayern coach Niko Kovac, who won a domestic league-and-cup double last season but couldn't take his team beyond the last 16 of the Champions League, is the right man for the job.

"Niko is a young coach, he wants to win all the titles with Bayern," he said. "He's doing a great job. We all like him."