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Hoeness returns as Bayern president

Hoeness returns as Bayern president

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Date: 26 November 2016 22:46


Baku, November 26, AZERTAC

Uli Hoeness, the man who helped make Bayern Munich one of the world's most powerful clubs, was re-elected president of the Bavarian giants on Friday, according to AFP.

His election comes nine months after he was released from prison after serving half of a three-and-a-half-year sentence for tax evasion.

The 64-year-old was the only candidate for the role and a crushing majority voted in favour of his return at Bayern's annual general meeting in Munich.

Only 108 members voted against his return out of around 6,000 in attendance.

Hoeness had been sentenced in March 2014 after being found guilty of seven counts of tax evasion between 2003 and 2009 to the value of 28.5 million euros. The following day he resigned as Bayern's president.

Earlier the German champions announced record turnover for the 2015-16 financial year of 627 million euros (£533.3m; $664.6m), up by more than 100 million euros on the previous year.

Bayern's pre-tax profits also increased by around 30 percent, from 23.8 million euros in 2014-15 to 33 million euros.

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