Bayern Munich CEO Karl-Heinz Rummenigge has accepted a 249,000 euro penalty order for not paying tax on two Rolex watches presented to him in Qatar.
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Rummenigge failed to declare the watches, believed to be worth around 100,000 euros in total, at Munich airport when returning from a European Club Association meeting in February.
The former Bayern player, a collector of watches, explained that a friend had presented the items to him as a gift.
Rummenigge, though, has accepted the penalty order and already paid the fine, according to Sueddeutsche Zeitung.
“The enforcement is marked as settled,” a prosecutor told the newspaper.
The fine, imposed on Rummenigge without any court date, arises from 140 daily fines in lieu of jail time of 1,785 euros. It is calculated from the rate of income, which the prosecution appears to believe is over 53,000 euros a month.
This means that the Bayern CEO now has a criminal record, as in Germany anything above 90 daily fines in lieu of jail time will appear as such.
Meanwhile, Bayern president Uli Hoeness has told ZDF TV that he sees no reason to step down from his role in the wake of his tax-evasion charge, which will see the 61-year-old appear before a court in March.
“Why should I? There was never a single reason. I have the full support of the fans, the members, the supervisory board and the administration advisory council,” he said.
“It has always been only a few journalists, who obviously don’t like that the club and its president stick together.”
Hoeness, who is also the chairman of the supervisory board, has been charged with tax evasion of over 3.2 million euros, and could face anything from a heavy fine up to five years’ imprisonment if convicted during March’s trial.