Bayern Munich Look to Renew Rummenigge as CEO, Hoeness Resignation Rejected

May 7, 2013

Bayern Munich plan to extend Karl-Heinz Rummenigge’s contract as CEO until 2016, according to reports.

At a meeting of the club’s board of directors on Monday, at which president Uli Hoeness’ offer to resign was rejected, the three-year Rummenigge deal was approved, the Bild reports. Rummenigge was present alongside sporting director Matthias Sammer, deputy executive board member Andreas Jung and chief financial officer Jan-Christian Dreesen. 

Rummenigge, who played as a striker for Bayern, was sold to Inter Milan by Hoeness to pay off Bayern’s debts in 1984. 

He returned to his former club as vice-president in 1991, and in 2002 became the CEO of the newly founded Bayern Munich Aktiengesellschaft, which is comparable to a joint stock company.

Earlier Hoeness’ resignation was not accepted by Bayern.

“After intense discussion, the advisory board of FC Bayern Munich AG decided unanimously that Uli Hoeness should continue in his position of president,” said the club in a statement.

Hoeness recently made a self-denunciation to the German tax authorities that he had not declared taxes on an account he held in Switzerland.

He is currently being investigated on suspicion of tax evasion and had offered to resign from his position while the investigation took its course.

“Uli Hoeness expressed his regret at the incident and apologised,” continued the club statement, stating that the decision to turn down his offer to resign was made “in the interests of FC Bayern, who need to concentrate fully on reaching further sporting goals with the Champions League final on 25 May and the German Cup final on 1 June.”