Politis

Petridis' 'Unique Realistic Solution' a 'Loan' from Zivanaris

Published March 4, 2026, 17:15
Petridis' 'Unique Realistic Solution' a 'Loan' from Zivanaris

Prodromos Petridis, former president of APOEL, characterized the latest proposal from Brazilian investors as the 'only realistic solution' for the club, however, the current president Kyriakos Zivanaris disagreed, arguing that the proposal was merely a loan and did not guarantee the long-term viability of APOEL. Mr. Zivanaris stated that his team communicated directly with the investors and found that the proposal was not an investment, but a loan that did not guarantee the future of APOEL. He stressed that the long-term sustainability of the club was not ensured by the proposal. This disagreement highlights the difficulties APOEL faces in finding a sustainable solution to its financial problems. The need for long-term viability and avoiding reliance on borrowing are key priorities for the club's administration.