Connect with us

Hi, what are you looking for?

Pictures

Tax Evasion: Former Bayern Munich President Uli Hoeness Released From Prison

The former Bayern Munich president Uli Hoeness has been released from prison on suspension after serving half of his three-and-a-half year jail term for tax evasion, Bavaria’s justice ministry has announced.

Hoeness, a former player for the club who was sports director for 30 years before taking over as club president in 2009, was convicted in March 2014 for evading €28.5m in taxes.

The 1974 World Cup winner stepped down from his post at Bayern and started his jail term in June 2014. From early 2015 he was able to leave prison during the day and work at Bayern’s youth department before returning in the evening. It is not clear whether he will ever return to the club a senior capacity.

Hoeness was initially charged with evading €3.5m in taxes while investing millions of euros in stocks through a Swiss bank account. But when the trial began the Bayern official, adored by team fans, stunned the court by admitting he had actually evaded five times that amount – or €18.5m.

That figure was subsequently raised further to €28.5m – a figure acknowledged by Hoeness’s defence team.

Bayern have continued to be successful in his absence and are on track for a record fourth straight Bundesliga crown. They also reached the Champions League last four in 2014 and 2015 and are in the running for the premier European club title this season.

__________

Follow us on Twitter at @thesignalng

Copyright 2015 SIGNAL. Permission to use portions of this article is granted provided appropriate credits are given to www.signalng.com and other relevant sources.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Related

Sports

Bayern Munich has suspended negotiations with Harry Kane in favor of Nigerian attacker Victor Osimhen. According to La Gazzetta dello Sport, Tottenham have rejected...

News

Bayern Munich’s record-setting striker Robert Lewandowski retained FIFA’s top men’s player title Monday at “The Best” of 2021 ceremony as Barcelona captain Alexia Putellas...

Pictures

Kylian Mbappe insisted Paris Saint-Germain still have it all to do after he scored twice in a thrilling 3-2 win at holders Bayern Munich...

Sports

Bayern Munich have completed a second treble in eight years by beating Paris Saint-Germain in the UEFA Champions League final and lifting their sixth...

Copyright ©