Petros Savva elected as new president of Olympiakos Nicosia

On June 8, 2026, the General Assembly of Olympiakos Nicosia elected Petros Savva as the new club president. The assembly unanimously approved the expansion of the Board of Directors to 15 members. The new board is scheduled to convene on June 10, 2026, to finalize its structure and appointments. Regarding personnel, the club confirmed the transfer of Pikis to Pyunik, while Savva accused player Tavares of unethical behavior by feigning injury to avoid fulfilling contract requirements. Financially, the president reported that the club has no debt and intends to increase the budget slightly without excessive spending. Additionally, reports indicate that Giorgos Kostis is set to return as the club's head coach. The club is currently exploring potential investments, though no official agreement has been reached yet.