Cyprus Times

(NOW) APOEL Announcement to its Fans – “Time to Speak with Facts”

Published February 13, 2026, 14:10
(NOW) APOEL Announcement to its Fans – “Time to Speak with Facts”

APOEL issued an announcement to its fans to clarify the facts regarding the potential investment from the investment group of Alcimar Nogueira de Medeiros. The administration emphasizes that it shares the concerns of the fans and wishes to find a comprehensive solution, informing that the main goal of the next announcements is the full and objective presentation of the situation. Mr. Medeiros visited Cyprus and had meetings with the APOEL Board of Directors, explaining the framework and steps of the agreement. His company, SPORTS LEGACY NEGOCIOS ESPORTIVOS LTDA, was founded in Brazil in 2025 and aims to gather investment companies interested in investing in APOEL. The agreement is divided into phases, with the first offering liquidity of €3,300,000 without requiring a general meeting. The next phase, which includes larger amounts for purchasing shares, requires approval from the General Assembly and the Association, as the buyers will also become major shareholders. Although the first phase did not foresee the approval of the Association, the administration requested its approval as well, due to the long-term management of the football department by the Association. The Association expressed reservations about specific references in the document, and meetings followed between the company and the Association, with an analysis of the agreement's provisions. However, the Association submitted a different proposal (LOI).