After their worst season for more than ten years, Bayern splashed out over the summer to bring the likes of French midfielder Franck Ribery, Italian World Cup winner Luca Toni and German striker Miroslav Klose to Munich.

"This season's Bundesliga (which begins on Friday) will be enthralling," said Bayern's president Beckenbauer, in his weekly column in German newspaper Bild.

"VfB Stuttgart, Werder Bremen and also Schalke 04 will have their say in the title race.

"They did not have to be reinforced like Bayern had to be this summer, because they already had solid teams.

"Of course, I hope Bayern's enormous investment will pay off. It is an interesting experiment.

"I am curious to see how (Bayern coach) Ottmar Hitzfeld will work with this team.

"Franck Ribery is dynamic, (Brazilian midfielder) Ze Roberto brings his class, (German defender) Marcell Jansen is very quick down the left side, while Luca Toni and Miroslav Klose should, hopefully, provide plenty of goals."

Beckenbauer, a self-confessed fan of Germany coach Joachim Loew, says he thinks the Germans are capable of winning the Euro 2008 title in Switzerland and Austria next summer.

Germany face away trips to Wales and the Repbulic of Ireland in September and October respectively.

"The title is possible, Joachim Loew's team should qualify without the problems facing Italy and England," said Beckenbauer who captained Germany to World Cup success in 1974 and coached them when they won again in 1990.

"At the moment, I don't see a better side in Europe."