Bayern Munich president Uli Hoeness has resigned from his post and will not appeal against the three-and-a-half year jail term handed him by a court in Germany for tax evasion.
“Tax evasion was the biggest mistake of my life,” said Hoeness, who played for Bayern from 1970-1979 before turning the club to one of the world’s most successful clubs after retiring at the age of 27 through injury.
“Bayern Munich is my life’s work and will also remain so.”
The 62-year-old World Cup-winning striker admitted defrauding German tax authorities of millions of euros. He had kept the funds in a secret Swiss bank account.
He was found guilty of evading taxes worth €27m (£22m), and his lawyers had argued he should escape punishment because he gave himself up to the authorities.
Nonetheless, judges ruled his confession fell short of the full disclosure.