Bayern Munich preparing for life without chief Uli Hoeness

After more than 40 years of Uli Hoeness, Bayern Munich is going to have to get used to life without the man who helped turn it into one the world's biggest soccer clubs.

The 67-year-old Hoeness formally informed the club's supervisory board on Thursday that he will not stand for re-election as president in November.

Unprecedented criticism from club members at the AGM last November played a role in his decision to stand down.

"It's hard to say how things will change," Bayern captain Manuel Neuer said. "I think, even if Uli Hoeness isn't president or isn't there anymore, he won't be able to let go. He will always be associated with the club, always supporting, always helping."

Bayern said in a statement Thursday that Hoeness recommended former Adidas chief executive Herbert Hainer as his successor. The club's advisory council unanimously decided to propose Hainer, who is currently chairman of the supervisory board, to club members as a candidate for president.

Hoeness, a former forward who scored 86 goals in 239 Bundesliga appearances from 1970-79 for Bayern, took over as general manager in May 1979 when he was 27 after his playing career was ended by chronic knee problems.

Bayern was nothing like the club it is now. It had 12 employees at the time, 12 million Deutschmarks (about $7 million) in revenue and was 8 million Deutschmarks ($4.6 million) in debt.

Since then, Bayern has claimed 51 titles, including the Bundesliga (21 times), German Cup (12) and Champions League (2), while building financial reserves rarely seen in debt-ridden European soccer. Turnover rose to a club-record 657.4 million euros ($723.4 million) for the 2017-18 season.

"He is the soul, the head and the heart of Bayern Munich. You can't replace him with another," Edmund Stoiber, the former minister-president of Bavaria, said at a local government reception for the Bayern team on Wednesday.

Stoiber said Hoeness and Bayern chairman Karl-Heinz Rummenigge had "disputes" over coach Niko Kovac when he was enduring a difficult spell at the club last season. Hoeness backed the former midfielder, while Rummenigge criticized Kovac in public. Kovac's team finished the season by winning the league and cup double.

Despite the boos and whistles at the club's AGM last year, Hoeneß remains immensely popular at Bayern. Fans chanted his name at the reception on Wednesday.

Hoeness's conviction and 42-month prison sentence in 2014 for tax evasion of 28.5 million euros ($39.6 million) did little to dent his popularity - he served half the term and was celebrated with standing ovations upon his return - but there had been more criticism of late due to club's sponsorship deals with Qatar, and his personal tirades against former and current players.

Hoeness will stay on as a member of the Bayern's supervisory board for the duration of his term until November 2023. He was to hold a press conference before the team's Bundesliga game against Mainz on Saturday.