Bayern Munich, Germany’s top soccer club, is in the midst of an administrative shakeup following the resignation of former president Uli Hoeness, who was jailed in June after being found guilty of tax evasion. The 62-year-old was sentenced last May to three and a-half years for tax fraud involving stock-market speculation in Switzerland. After the trial, which was closely followed by a fascinated German public, Mr. Hoeness relinquished all duties with the soccer team.
The aim of restructuring is to bring more professionalism to Bayern Munich, or FC Bayern München as the club is officially called.
A big move in that direction could be the appointment of Markus Riess, who heads up the German operations of insurance giant Allianz. Mr. Riess is expected to join the club’s supervisory board, Handelsblatt has learned from sources close to the board.
Allianz is the third largest shareholder of the championship soccer club, along with Adidas and Audi.