Uli Hoeness is to resign as Bayern Munich president and chairman in the wake of his conviction for tax evasion.
The 62-year-old, who played for Bayern from 1970-1979 before retiring through injury aged 27, will not appeal against his three-and-a-half year sentence.
“Tax evasion was the biggest mistake of my life,” he said in a statement. “Bayern Munich is my life’s work and will also remain so.”
Hoeness was found guilty of evading taxes worth 27m euros (£22.5m).
As a player Hoeness won the 1972 European Championship and the 1974 World Cup with West Germany and three successive European Cups with Bayern.
Following his retirement he was appointed general manager at German giants Bayern, who have reached three of the last four Champions League finals and won the tournament last year at Wembley.
He was initially charged with evading 3.5m euros (£2.9m, $4.9m) in taxes but then admitted to another 15m euros (£12.5m) and was found guilty of “seven serious counts of tax evasion”.
In a statement on the Bayern Munich website he said: “After discussing the matter with my family I have decided to accept the judgment. This corresponds to my understanding of integrity, decorum and personal responsibility.
“Evading tax was the biggest mistake of my life. I accept the consequences of this mistake.
“Furthermore I hereby resign the offices of president and chairman with immediate effect. By doing so I wish to avert further damage to my club.
“I will continue to be associated with this magnificent club and its people in other ways for as long as I live. I wish to thank from the heart my personal friends and all followers of Bayern Munich for your support.
For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page.