The 67-year-old told German daily Bild at a golf tournament on Sunday that he will remain on the board at Bayern,"but will relinquish my presidency when the time comes".That means Bayern members will vote for a new head of the defending Bundesliga champions at the annual general meeting in November with Hoeness to step down as head of the club's board.
Since Hoeness first took charge in 1979, Bayern have enjoyed phenomenal success - claiming the Bundesliga trophy 24 times, the German Cup on 14 occasions and lifted the Champions League trophy in 2001 and 2013.
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