Saturday, July 12, 2025
spot_img

Kahn to take over as Bayern CEO retires early

Date:

Share post:

spot_imgspot_img

MUNICH, June 1: Bayern Munich chief executive officer Karl-Heinz Rummenigge is retiring from the club six months earlier than expected, and will be replaced by former goalkeeping great Oliver Kahn. Rummenigge made the request to step down from his position on June 30, and not Dec. 31 as originally planned, Bayern said in a statement on Tuesday. “It is the most strategically sensible and logical time,” the 65-year-old Rummenigge said. “We’re coming to the end of the financial year, and at the same time a new phase is beginning with a new coaching team. The new season should be the responsibility of Oliver Kahn as the new CEO right from the start.” Rummenigge will continue to have a say in European soccer for the next three years. He retains his seat on UEFA’s executive committee which he took in April. Rummenigge became vice-president of the club in 1991. Since becoming CEO in 2002, Rummenigge has helped the Bavarian club increase turnover from 176 million euros ($215 million) to 679 million euros ($830 million). (AP)

spot_imgspot_img

Related articles

Preserving Seed Sovereignty: NER’s heirloom challenge

By KN Kumar The push for high-yielding varieties (HYVs) and hybrid seeds, driven by multinational corporations (MNCs) and our...

The Politics of Pavement: Illegal Vending Hurts Us All

Not Rich vs Poor - Just Lawful vs Unlawful By Risador M Makri Much of the current debate around the...

DRDO and IAF successfully test Astra BVRAAM with indigenous radio frequency seeker from Su-30 Mk-I

New Delhi, July 11: In a significant boost to India's self-reliance in defence technology, the Defence Research and...

Mayank Yadav’s rehab likely to start in coming weeks after undergoing surgery in Christchurch

New Delhi, July 11: Tearaway fast bowler Mayank Yadav is likely to begin his long rehab in the...