Cyprus Times

New Name for SEF Leaked – Millions in Sponsorship from Angelopoulos Brothers

Published March 19, 2026, 10:07
New Name for SEF Leaked – Millions in Sponsorship from Angelopoulos Brothers

The Peace and Friendship Stadium (SEF) is expected to change its name to “Red Arena” as part of a comprehensive upgrade that will accompany the long-term lease of the stadium to Olympiacos for the next 50 years. Olympiacos' plans also include increasing the stadium's capacity to 17,000 seats. The upgrade will be partially funded by a sponsorship from Super Bet, worth €43 million guaranteed and up to €55 million with bonuses, which covers the team's jersey and the club's overall commercial strategy. The agreement with Super Bet is at an advanced stage and is expected to be completed soon, marking a new era for the SEF and Olympiacos.