Olympiakos Nicosia appoints Petros Savva as president and rehires Giorgos Kostis as manager
On June 8, 2026, the general assembly of Olympiakos Nicosia confirmed the election of Petros Savva as the new club president, leading a new board of directors for the next two years. This meeting followed an initial assembly held on May 28, 2026, where the financial and operational reports of the previous administration were presented. Concurrently, the club finalized an agreement to rehire Giorgos Kostis as the head coach, only three months after his departure. Kostis is expected to immediately begin collaborating with Petros Petrou on roster planning and team strategy. The club faces a significant rebuilding phase, as several key players, including Konomis and Pikis, have departed. The new administration is tasked with securing a new core for the squad to compete in the upcoming season.