3 May 2013

Bayern president comes unstuck on stock market

5:52 am on 3 May 2013

Bayern Munich's football president Uli Hoeness has gone public about being under investigation for suspected tax evasion, related to an addiction to gambling on the stock market.

Hoeness said for several years he sometimes traded day and night with sums that are now difficult to comprehend, and he was financed by the late Robert-Louis Dreyfus, a former head of Adidas.

There are no details of the amounts in question, but the former German international filed a complaint about himself, so he might be shown some leniency by the authorities.

But he could face a jail sentence depending on the amounts in question.

Meanwhile Hoeness's club Bayern Munich is bidding to win an unprecedented treble of titles for a German club - the Bundesliga, German Cup and Champions League.