APOEL shareholders approve negotiations for new investment and restructuring plan
During the general meeting held on June 5, 2026, APOEL shareholders authorized the advisory committee to proceed with negotiations for an investment scheme led by Savvas Liasis. The proposal involves creating a new company to serve as the base for the club's future, while the existing entity would function as a vehicle to manage accumulated debts, similar to a 'bad bank'. Financial reports presented at the meeting disclosed total debts of approximately 20 million euros, including 15 million to tax authorities, 5.8 million to social insurance, and various smaller debts to players, agents, and other entities. Former Finance Minister Constantinos Petrides, a member of the advisory committee, expressed optimism about the agreement, noting that legal and financial audits remain to be completed. Concurrently, the club is undergoing internal restructuring, with management considering the hiring of a football director, a technical director, and scouts. Former player Radosav Petrovic is a candidate for a role within the new organizational structure, and Nikos Papadopoulos is being evaluated for the head coaching position. Some segments of the fan base remain cautious, awaiting official signatures before fully endorsing the transition.