Bayern Munich's advisory board has rejected club president Uli Hoeness' resignation at a meeting today.
Hoeness recently made a self-denunciation to the German tax authorities that he had not declared taxes on an account he held in Switzerland.
He is currently being investigated on suspicion of tax evasion and had offered to resign from his position while the investigation took its course.
– Bayern Munich board statement
After intense discussion, the advisory board of FC Bayern Munich AG decided unanimously that Uli Hoeness should continue in his position of president.
Uli Hoeness expressed his regret at the incident and apologised...[decision to keep him on is] in the interests of FC Bayern, who need to concentrate fully on reaching further sporting goals with the Champions League final on 25 May and the German Cup final on 1 June.