Uli Hoeness, left, takes over as Bayern president from Franz Beckenbauer.Uli Hoeness, left, takes over as Bayern president from Franz Beckenbauer. (Oliver Lang/AFP/Getty Images)

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 euros ($427 million Cdn), slightly down from 286.8 million euros ($456 million) the previous year. Profit rose slightly to 2.5 million euros ($3.97 million) from 2.1 million euros ($3.34 million).