Politis

Former APOEL President Criticizes Investment Proposal Rejection

Published February 20, 2026, 09:18
Former APOEL President Criticizes Investment Proposal Rejection

Prodromos Petridis, following his resignation from the presidency of APOEL, expressed his opinion on the rejected investment proposal from Brazilian investors, characterizing it as the only realistic solution for the team given the financial circumstances. He accused specific circles and individuals of rejecting the proposal without explaining their reasons, creating a negative climate that forced his resignation. Furthermore, Petridis hinted that he would closely monitor future team decisions and judge them. He emphasizes that APOEL has no room for further mistakes and requires immediate and clear actions from those who have officially or unofficially commented on the matter. He reiterated his belief that the rejected proposal was the only viable way out for the team, given the current conditions. He stresses that the credibility and validity of future proposals should be carefully assessed. In summary, Petridis's statement expresses his regret for the rejection of the proposal, criticizes those who rejected it, and warns of the need for immediate and effective action for the future of APOEL.