Ancelotti was fired on Thursday, following a 3-0 defeat to Paris Saint-Germain in the Champions League a day before.
On the domestic front, Bayern have had an underwhelming start to the season, sitting third in the Bundesliga, three points off Borussia Dortmund in top spot.
And Hoeness has hinted that Ancelotti lost the dressing room at the Allianz Arena, leading to his dismissal.
“Ancelotti had five players against him,” he told Sport1.
Bayern chief Karl-Heinz Rumenigge said there must be ‘consequences’ in the immediate aftermath of Bayern’s defeat in the French capital.
And after relieving Ancelotti of his duties, he added: “Since the start of the season, the performance of the team has not met our expectations, and the match in Paris has shown clearly that we had to make conclusions.
“Carlos is my friend and that will continue, but we had to take a professional decision for FC Bayern.”
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