Hoeness set to end an era after transforming Bayern Munich

Having transformed Bayern Munich into one of Europe’s strongest clubs, then been jailed for tax evasion, Uli Hoeness will bring the curtain down on a glorious 40-year reign at the German giants when he steps down as club president on Friday.

Hoeness will officially stand down at Friday’s annual general meeting having nominated Herbert Hainer, a former CEO of sportswear firm Adidas, to succeed him, but he will stay on the club’s supervisory board for at least four more years.

Since the 67-year-old joined club management after retiring as a three-time European Cup-winning player four decades ago, Bayern has dominated the Bundesliga and been crowned kings of Europe two more times.

“I think that someone like Uli Hoeness will never stop, he’s got a Bayern heart, so he will always stay connected to us,” said Bayern captain Manuel Neuer on Wednesday.

He hands the reins to Hainer with Bayern Munich in rude health, generating 750 million euros ($825 million) in turnover and reported profits of 52 million euros.

The club has a vast army of 300,000 members and over 1,000 employees, while their Allianz Arena stadium has been paid off.

It is a far cry from his first day as a club manager on May 1, 1979, following a career-ending knee injury, with Bayern carrying debts of seven million Deutschmarks (around 3.5 million euros in today’s currency).

After two hours at his desk, Hoeness says he “went home, because there was no work”, but his relentless drive and recruitment of top players in the coming years has yielded 24 German leagues and 14 German Cup titles.

“Bayern is unimaginable without you,” wrote in a tribute Germany legend Franz Beckenbauer, who Hoeness replaced as club president in 2009.

“The club would not be what it is today