That's why the Der Spiegel stories always should have been viewed with nothing but suspicion.
I know for a 100% fact the the hacked emails were offered to a few German outlets but they didn't want to run the risk of legal action.
Der Speigel had previously run a story painting certain Bayern boardroom members in a negative light. Bayern kicked off big time and threatened legal action.
A couple of people at Bayern (miraculously) knew Der Spiegel had the emails and essentially pressured Der Spiegel into running with the story, knowing they had leverage.
What's interesting about all of this is the misinformation that continued to spread, even after the CAS ruling. For example, a few outlets, including the MEN, stated we didn't persue legal action over the claims. This is sort of accurate (as it's notoriously difficult to win libel cases against German Newspapers, despite the 2017 defamation laws) but what wasn't widely shared was that the club most certainly fired shots across the bows of two individual journalists rather than Der Spiegel as an organisation.
When I see the connection some here (maybe because it is convenient to get "easy sounding answers") make between Spiegel and Bayern that never made any sense. The newspaper sits in Hamburg - 800 km away from Munich - they do not have a friendly relationship at all - more the opposite. And it is not that Bayern has the leverage to pressure newspapers...
Spiegel is a left leaning newspaper - apart from some of the Ultras the clubs connections are more to people from the bavarian CSU... - just to show that influence, too...
Yes, the club FC Bayern does not like the way some clubs are financed as that is a big advantage in European football in addition to the big TV contracts the EPL has anyways - and they are very outspoken about that and the media has that in the papers as it is FC Bayern and not FC Hintertuxingen. But that should not be the basics for all kind of conspiracy theories...
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