Mar 13, 2014, 11:50 AM EDT
Bayern Munich president Uli Hoeness has been sentenced to three years and six months in jail by a German court after admitting to tax evasion.
After initially being charged with evading $4.9 million in taxes, Hoeness later admitted to avoiding an additional $20.9 million before the court ultimately determined the 62-year-old owed a grand total of $39,940,000.
Hoeness’ defense was that he should not be punished because he came clean on his evasions. The court disagreed, finding that the former World Cup winning striker’s admissions failed to constitute a full disclosure.
“The voluntary disclosure is not valid with the documents that were presented alone,” the judge said Thursday after finding Hoeness guilty of seven counts of tax evasion and issuing him a three and a half year jail sentence.
Hoeness, who is expected to appeal the sentence, issued a statement of regret earlier this week: “I will do everything necessary to ensure that this depressing chapter for me is closed.”
Hoeness offered his resignation at Bayern during last year’s annual meeting but the popular figure received backing from both supporters and the board to press on as club president.
Aug 27, 2014, 8:45 PM EDT
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Aug 27, 2014, 7:55 PM EDT
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Aug 27, 2014, 7:02 PM EDT
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Aug 27, 2014, 6:07 PM EDT
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Aug 27, 2014, 5:43 PM EDT
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Aug 27, 2014, 4:30 PM EDT
Reports across Europe claim that Xabi Alonso has reached an agreement with Bayern Munich.
Aug 27, 2014, 3:40 PM EDT
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Aug 27, 2014, 2:47 PM EDT
Balotelli aims big as new Liverpool signing speaks out.
Aug 27, 2014, 2:20 PM EDT
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Aug 27, 2014, 1:47 PM EDT
Fazio heads to White Hart Lane on four-year deal from Sevilla.
Aug 27, 2014, 1:14 PM EDT
As conflict continues between Israel, Hamas, UEFA has stepped in to postpone qualifier.
Aug 27, 2014, 12:32 PM EDT
Following United’s embarrassing 4-0 defeat to a third-tier team, the UK media have not been kind.
Aug 27, 2014, 12:01 PM EDT
Soccer in Sin City… why not? Stadium deal gets over next hurdle, hinges on MLS team heading to Nevada.
Aug 27, 2014, 11:22 AM EDT
All the latest transfer gossip, right here.
Aug 27, 2014, 9:42 AM EDT
After Oliver Giroud’s bad injury, will Arsenal spend big to bring in Cavani?
Aug 27, 2014, 9:12 AM EDT
Have your say on where van Gaal’s side will finish this campaign.
Aug 27, 2014, 8:46 AM EDT
Eagles swoop to hand former boss his second stint in charge at Selhurst Park.
Aug 27, 2014, 8:00 AM EDT
Milan want Torres on season-long loan deal. Will the Spaniard move on?
Aug 27, 2014, 7:18 AM EDT
Experienced lower league manager set for second stint in charge of Palace.
Aug 27, 2014, 1:02 AM EDT
Red Bulls win their full tournament debut, while Club Améric takes a valuable point on the road.
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