Uli Hoeness resigns from Bayern Munich top posts following arrest

A Munich court has sentenced Uli Hoeness -- the president and chairman of supervisory board of Bayern Munich -- to three-and-a-half-years in jail for major tax fraud. He said that he will not appeal the verdict and is ready to face the consequences.

updated: March 14, 2014 16:23 IST
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Berlin: German football legend Uli Hoeness said Friday he will not appeal a tax fraud jail sentence and resigned from his posts as president and board chairman of powerhouse club Bayern Munich.

"Tax evasion was the mistake of my life," the fallen football idol said in a personal statement. "I will face the consequences of this error."

A Munich court had sentenced Hoeness, 62, on Thursday, to three and a half years in jail for major tax fraud in a trial that captivated football-obsessed Germany.

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