Cyprus Times

Apollon Limassol's Debt Reaches Over €20 Million

Published January 20, 2026, 19:15
Apollon Limassol's Debt Reaches Over €20 Million

The President of Apollon Limassol, Nikos Kirzis, revealed the club's financial debt, which amounts to over €20 million. Of this amount, €8.5 million is owed to the state (taxes and social contributions), with €5.5 million settled in 142 installments. Additionally, there are debts of over €5 million to banks, as well as personal loans of the President and debts to creditors and players. Mr. Kirzis emphasized the need to improve the club's financial situation with a long-term plan, in order to compete more effectively with other teams. A key goal for the current season is to secure participation in Europe.