In 2010 Uli Hoeness, Bayern Munich president, predicted that English clubs would struggle in Europe because of the financial crisis.

FORBES: Football and the eurozone crisis

Klinsmann's fate was sealed after a meeting with club chairman Karl-Heinz Rummenigge, general manager Uli Hoeness and director Karl Hopfner on Monday morning.

CNN: Klinsmann dismissed as Bayern Munich coach

First reported by Bild, Germany's mass-circulation tabloid, it momentarily displaced the negative headlines surrounding the club's president, former World Cup-winning forward Uli Hoeness.

WSJ: Borussa Dortmund Dismayed by G?tze's Transfer to Bayern Munich

If not for a tax scandal involving Bayern Munich president Uli Hoeness, who was at Wembley, the season could almost be classified as perfect.

CNN: Redemption for Bayern Munich in Champions League

Elsewhere, Bayern Munich striker Luca Toni looks set to depart the Allianz Arena in the near future after president Uli Hoeness confirmed he can leave the German Budesliga club.

CNN: Barca dampen Robinho speculation

Bosnia's Dzeko and Brazil's Grafite have scored 54 goals between them this season to break the previous record set by Bayern Munich's Gerd Muller and Uli Hoeness in the 1970s.

CNN: Wolfsburg win first German league title

Landing Goetze marks the third time in three years the Bavarian club -- that Hoeness played an instrumental role in building on and off the pitch -- has lured a top transfer target from a fellow Bundesliga club.

CNN: Goetze set to join Bayern Munich