Uli Hoeness on Friday resigned as President and chairman of Bayern Munich.
The 62-year-old’s decision to step down comes a day after being sentenced to three-and-a-half years in jail for evading taxes worth 27 million euros.
A day after the court’s ruling Hoeness said he would not appeal the decision.
The decision to accept the punishment has earned praise and respect from fans and Chancellor Angela Merkel who said: “Of course I will not comment on court decisions but I can say that the fact that Uli Hoeness has accepted the verdict the way he did merits a lot of respect.”
In one of the most scrutinised cases of its kind ever in Germany the Hoeness was found guilty of “seven serious counts of tax evasion”.
The club have appointed Adidas chief executive and the club’s former deputy chairman Herbert Hainer as Hoeness’ successor.