Hoeness Backed as Bayern Chairman After Board Debates Tax Probe

Uli Hoeness, the president of Bayern Munich soccer club who is being investigated for tax evasion, was asked to stay as the German champion’s chairman by fellow supervisory board members.

FC Bayern Muenchen AG’s board at a meeting in Munich today unanimously rejected the former German national team player’s offer to step aside for the duration of the probe, the club said in a statement on its website.

Bayern needs Hoeness in his position as the club prepares for the European Champions’ League final against Borussia Dortmund on May 25 and the German Cup final on June 1, according to the statement.

Hoeness reported tax evasion to German authorities in January in a bid for amnesty. Munich prosecutors are examining whether his statement was “complete and valid,” Ken Heidenreich, a spokesman for the prosecutors, said on April 22.

Bayern’s nine-member supervisory board includes Rupert Stadler, chief executive officer of Volkswagen AG (VOW)’s Bavaria- based Audi brand; Adidas AG (ADS) Chief Executive Officer Herbert Hainer, and Edmund Stoiber, the former state premier of Bavaria.

To contact the reporter on this story: Tony Czuczka in Berlin at aczuczka@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net

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