Munich, Nov 28 (DPA) Uli Hoeness was elected Bayern Munich president Friday night, moving up at the German Bundesliga football top club after three decades as their general manager.
Hoeness, 57, received 4,458 of 4,490 votes at the annual members meeting to take the place of Franz Beckenbauer, who had led Bayern for the past 15 years. Beckenbauer is now Munich’s honorary president.

Munich also announced their latest financial figures, with turnover slightly down in difficult economic times from 286.8 million euros ($432 million) to 268.5 million in 2008, but a slight profit rise from 2.1 to 2.5 million euros.

The lower turnover was attributed to lower transfer income.