Bayern Munich President, Uli Hoeness has confirmed he will be resigning from his role as president and chairman of the supervisory board of the Bundesliga giants.
Three weeks ago, rumours that Hoeness was quitting his role as president was rife and the 67 year old has now made a move to confirm the reports.
“I’ll stay on the board, but I’ll resign as president when the time comes,” Uli Hoeness told German outlet Bild during Bayern’s Charity Golf Cup in Rieden this weekend.
Elections for a new club president will be conducted in November and former Adidas CEO, Herbert Hainer is thought to be favourite amongst other candidates to lead the Bavarians into the new era.
“What was created here, sporting and socially, will not happen anywhere else in the world again,” 67 year old Hoeness added.
“It’s the story that makes FC Bayern so adorable, we want to be different than those bags of money that are increasingly gaining the upper hand in our business.”
After 40 hugely successful years at the helm of affairs at Bayern, Hoeness is set to step down and might most certain not not hand over the reins to Herbert Hainer who is expected to usher the club into a new era.
Since the 67 year took over at the Alianz Arena in 1979, Bayern have enjoyed phenomenal success, lifting the trophy 24 times, German Cup 14 times and the most coveted UEFA Champions League in 2001 and 2013.
After a knee injury that forced the former West Germany International into retirement, Uli became general manager in 1979 before later being promoted to club president in 2009.
Bayern Munich kicked off the new Bundesliga season in Friday with a disappointing 2-2 draw against Hertha Berlin but have secured further reinforcements in loan signings of Brazilian midfielder Coutinho and winger, Ivan Perisic from Barcelona and Inter Milan respectively.