Uli Hoeness is to resign as Bayern Munich president and chairman in the wake of his conviction for tax evasion.
The 62-year-old, who played for Bayern from 1970-1979 before retiring through injury aged 27, will not appeal against his three-and-a-half year sentence.
“Tax evasion was the biggest mistake of my life,” he said in a statement. “Bayern Munich is my life’s work and will also remain so.”
Hoeness was found guilty of evading taxes worth 27m euros (£22.5m).