Politis

Prodromou and Zivanaris Bankrupted APOEL

Published February 15, 2026, 09:20
Prodromou and Zivanaris Bankrupted APOEL

The article analyzes the collapse of APOEL, attributing the responsibility primarily to Prodromos Petrides, the man who took over the team with almost no debt and managed to skyrocket it to 50 million, despite significant revenue from European competitions. Petrides is accused of poor planning, excessive budgets, and constantly changing coaches and players. Furthermore, the article criticizes the current board of the association, which is accused of inaction and failing to protect the interests of the team. The board is accused of not reacting to Petrides' statements about financial problems and not taking measures to prevent the collapse. The author argues that Petrides should have no connection with the next day of APOEL and that the association's board should take responsibility for restoring the team. However, he expresses doubts about the board's ability to meet the challenges and suggests the need for a new, more effective administration. The article concludes by emphasizing the need for radical changes in the way APOEL operates in order to avoid its final destruction.