Cyprus Times

APOEL Clarifies Details of Brazilian Company Investment

Published February 13, 2026, 14:10
APOEL Clarifies Details of Brazilian Company Investment

APOEL issued a statement regarding the Brazilian company «SPORTS LEGACY NEGOCIOS ESPORTIVOS LTDA», which operates in the investment sector. The company was founded in November 2023 by Alcimar Nogueira de Medeiros and aims to gather investment funds for APOEL. The first phase of the investment concerns an amount of €3.3 million, which does not require approval from the General Assembly. The next phase, with larger amounts for the purchase of shares, will require approval from both the General Assembly and the Association, as the investors will become shareholders.