TSN TV Schedule TSN2 TV Schedule
Soccer

Former Bayern president Hoeness won't appeal tax evasion sentence

{eot}
The Canadian Press
3/17/2014 3:06:37 PM
Decrease Text SizeIncrease Text Size
Text Size

MUNICH, Germany -- German prosecutors said Monday they won't appeal against Uli Hoeness' 3 1/2-year sentence for tax evasion, clearing the way for the former Bayern Munich president to start his prison term.

Hoeness, one of German football's most prominent figures, was convicted last Thursday of evading about 28.5 million euros ($39.6 million) in taxes via an undeclared Swiss bank account. He subsequently said he wouldn't appeal and resigned as Bayern president.

Prosecutors also are entitled to appeal in Germany and could have sought a tougher sentence. At the trial, they called for a 5 1/2-year sentence; the legal maximum for tax evasion is 10 years.

But Munich prosecutors have decided not to appeal, the court said. Hoeness is now likely to go to prison in a few weeks.

Germany's opposition Left Party criticized the prosecutors' decision, saying it could prevent further details of Hoeness' financial dealings from coming to light.

As evidence came out during last week's trial, the amount of tax Hoeness is said to have dodged increased by the day from the 3.5 million euros he was initially charged with. That raised questions of where Hoeness, who also co-owns a sausage factory, got the millions he claimed to have used to speculate on the currency markets.

"Now many questions will remain forever unanswered," Left Party chairman Bernd Riexinger told German daily Handelsblatt.

Bayern should put in place an independent panel to investigate whether there was any link between Hoeness' money and the club, he said.

Hoeness has insisted the account was in his name only.

Uli Hoeness (Photo: The Canadian Press)

zoom

(Photo: The Canadian Press)
Share This

Share This

Add to FacebookAdd to DiggAdd to FarkAdd to TwitterAdd to Stumble UponAdd to Reddit
Print this Story


Premier League Shows on TSN.ca

TSN.ca is Canada's exclusive home to highlight and feature programs from the Barclay's Premier League. Check out the latest programs on VOD below.


Net Busters

BPL Match Pack

Podcasts

TSN 690 - The Morning Show Chats with Grant Needham, July 28th

The IMFC color commentator joins the program to discuss yet another late loss, this time at the hands of the visiting Portland Timbers.

TSN690: oranges at halftime with Noel Butler: July 22nd

Host Noel Butler is joined by Impact Assistant Coach Mauro Biello and Impact Colourman Grant Needham on the July 22nd edition of Oranges at Halftime.

TSN 690 oranges @ halftime July 22: Mauro Biello

Impact Assistant and an MLS season ebbing away


More Podcasts

TSN TweetBox
© 2014
All rights reserved.
Bell Media Television