Munich - FC Bayern München president Uli Hoeneß will not appeal against his three-and-a-half-year jail sentence for tax evasion.

In a personal statement released on Friday, the 62-year-old also confirmed his resignation from the club following Thursday's conviction:

After discussing the matter with my family I have decided to accept the judgment passed by Landgericht [Munich District Court] II regarding my tax affairs. I have instructed my legal representatives not to appeal the verdict. This corresponds to my understanding of integrity, decency 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 of FC Bayern München e.V. and chairman of the FC Bayern München AG supervisory board with immediate effect. By doing so I wish to avert further damage to my club. FC Bayern München is my life’s work and will always remain so. 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 FC Bayern München for your support.

Uli Hoeneß