APOEL begins due diligence process with potential investor Savvas Liassis
APOEL football club has entered a formal due diligence phase with Cypriot businessman Savvas Liassis following the signing of a non-disclosure agreement (NDA). Both parties are currently evaluating financial data and operational structures to determine the feasibility of a deal. Reports indicate that the proposed management model would introduce a new CEO to lead the football department, with the current board shifting to a supervisory role. The club is under significant financial pressure, facing debts and the need for a comprehensive restructuring. While club officials and spokespeople, including Nektarios Petevinos, have emphasized that the process will be lengthy and requires patience, there is an urgent need for decisions regarding next season's planning. The potential investor has held meetings abroad to coordinate strategic partnerships. Despite widespread fan interest and speculation, management aims to ensure a sustainable agreement rather than a rushed short-term fix.