{"id":6211,"date":"2014-03-14T11:56:34","date_gmt":"2014-03-14T11:56:34","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=6211"},"modified":"2014-03-14T11:56:34","modified_gmt":"2014-03-14T11:56:34","slug":"jail-bound-hoeness-resigns-from-bayern-munich-posts","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2014\/03\/jail-bound-hoeness-resigns-from-bayern-munich-posts\/","title":{"rendered":"Jail-bound Hoeness resigns from Bayern Munich posts"},"content":{"rendered":"
\"Uli<\/a>
Uli Hoeness<\/figcaption><\/figure>\n

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.<\/p>\n

\u201cTax evasion was the mistake of my life,\u201d the fallen football idol said in a personal statement. \u201cI will face the consequences of this error.\u201d<\/p>\n

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

He was allowed to walk out of the courtroom on Thursday after his lawyer had initially announced plans for an appeal.<\/p>\n

Hoeness is now expected to start his jail term within a few weeks, Munich court spokeswoman Andrea Titz said. The prosecution has said it will consider next week whether to appeal the verdict, having pleaded for a longer term of five and a half years.<\/p>\n

Hoeness admitted to hiding his wealth in secret Swiss bank accounts while obsessively \u201cgambling\u201d on stock and currency markets for years. The court found he had cheated the state out of 28.5 million euros ($39.5 million).<\/p>\n

Hoeness said that \u201cafter discussions with my family, I have decided to accept the judgement of the District Court of Munich regarding my tax matter.<\/p>\n

\u201cI have instructed my lawyers not to appeal. This corresponds to my understanding of decency, conduct and personal responsibility.<\/p>\n

\u201cIn addition, I resign with immediate effect from the offices of president of Bayern Munich and chairman of the supervisory board of Bayern Munich. I want to avert harm to my club.\u201d<\/p>\n

He thanked his friends and supporters at the club, saying: \u201cBayern Munich is my life\u2019s work and always will be.<\/p>\n

\u201cI will stay committed to this great club and its people as long as I live.\u201d<\/p>\n

The club and its top sponsors and shareholders \u2014 including Audi, Adidas, VW, Allianz and Deutsche Telekom \u2014 had supported Hoeness since the tax scandal broke a year ago and remained silent after the verdict.<\/p>\n

 <\/p>\n

Source: AFP<\/p>\n","protected":false},"excerpt":{"rendered":"

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. \u201cTax evasion was the mistake of my life,\u201d the fallen football idol said in a personal statement. \u201cI will face the consequences of this […]<\/p>\n","protected":false},"author":14,"featured_media":6219,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[14],"yoast_head":"\nJail-bound Hoeness resigns from Bayern Munich posts - Citi 97.3 FM - Relevant Radio. 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