MUNICH, March 14 Adidas boss Herbert Hainer will become the new president and business chairman of German soccer club Bayern Munich, after the resignation of Uli Hoeness, the club's supervisory board said on Friday.
Uli Hoeness said on Friday he would accept a 3-1/2 year prison term for evading 28 million euros ($39.00 million) in taxes and would step down from Bayern Munich, the club he made into one of the world's most succesful football dynasties
Adidas, the world's second largest maker of sporting gear, owns an 8.3 percent stake in the club and has provided its kits for over 50 years.
Hainer was previously deputy head of the supervisory board at Bayern Munich.
"(Hoeness) helped turn FC Bayern Munich into one of the most successful clubs in the world, both on and off the pitch," Hainer said in a statement issued by the club's supervisory board. ($1 = 0.7180 Euros) (Reporting by Joern Poltz; Writing by Victoria Bryan)
South Africa anti-graft chief open to talks on central bank -report
JOHANNESBURG, June 24 The head of South Africa's anti-graft watchdog is open to talks on her recommendation to change the central bank's mandate, a proposal that has drawn sharp criticism from parliament, the ruling party and investors, a local news agency said on Saturday.