GRAZ, Austria (AP) – The former president of Austrian club Sturm Graz was sentenced Friday to five years in prison and fined ?6.6 million ($8.68 million) for embezzlement and tax evasion while running the club from 1992-2006.
Hannes Kartnig was found guilty of fraud by a regional court, which sentenced seven other former club officials to conditional imprisonment and fines varying from ?1.3 to ?3.8 million ($1.71-$5 million), the Austria Press Agency reported.
Kartnig was arrested in May 2007 and later released on bail after ?2.2 million ($2.9 million) went missing at the club between 1998 and 2005.
Both Kartnig and the prosecution appealed the verdict.
Under Kartnig, Sturm Graz won two national titles and reached the second stage of the Champions League in 2000-01.