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Stronach leaves Austrian league

Joe MacCarthy2010-05-12 21:53:50 +0000 #1
Stronach leaves Austrian league

slam.canoe.ca/Slam/S...1/24/1321370-ap.html

VIENNA, Austria (AP) - Austrian-born Canadian Frank Stronach has stepped down as president of the Austrian soccer league.

Stronach's departure came just days after he quit as president of FK Austria Magna, the country's second-best club behind SK Rapid Vienna.

"I want to inform you that I will not run as presidential candidate at our upcoming general assembly on Dec. 2. I am thus resigning from my function as the league's head," Stronach said in statement.

The billionaire, who was elected as league president in February 1999 but came under fire for his dual positions as a league and club president.

He first sponsored FK Austria in 1998, supporting the then-indebted club to the tune of 700,000 euros ($966,390 Cdn).

Stronach came to Canada from Austria at 22 and built Magna International into a hugely successful auto parts company.

Ironic, as his daughter is a high profile Member of Parliament; just another piece of the puzzle of why Canadian soccer is where it is.



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