Anorthosis president announces major debt repayment and strategic club reforms
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Anorthosis president announces major debt repayment and strategic club reforms

During a press dinner held in Larnaca on October 7, 2026, Anorthosis president Christos Maragos announced that the club's administration has already paid 2 million euros toward settling historical debts. An additional 1 million euros is scheduled to be disbursed in the coming days as part of a broader effort to stabilize the club's finances and establish a foundation for long-term competitiveness. Maragos emphasized that the administration's involvement transcends football, focusing on the survival of the institution and its historical significance for Famagusta.

Simultaneously, the club is pursuing legal avenues to overturn a transfer ban imposed by the Court of Arbitration for Sport (CAS). Management noted that their prospects for success, previously considered minimal at 1%, have now entered double-digit territory, though they remain cautious. Meanwhile, the team is preparing for an upcoming match against Pafos FC this Sunday at the Antonis Papadopoulos Stadium. Following a successful appeal, the club will have its supporters present, aiming to recover from a difficult start to the season where the team occupies the penultimate position in the standings after four matchdays.

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Cyprus Times · 8 October 2026, 22:20