Beckenbauer becomes honorary president of Bayern

BY foxsports • November 28, 2009

Uli Hoeness has replaced Franz Beckenbauer as president of Bayern Munich, taking the top job after 30 years as general manager. Beckenbauer has become the club's honorary president and will get a farewell match against Real Madrid. The 64-year-old did not get a farewell game as a player when he left to join New York Cosmos in 1977. Hoeness, 57, was elected to the post as expected at the club's annual general meeting late Friday. Bayern also reported revenues of ?268.7 million ($403.05 million), slightly down from ?286.8 million ($430.2 million) the previous year. Profit rose slightly to ?2.5 million ($3.75 million) from ?2.1 million ($3.15 million).