Politis

Petridis Explains Resignation, Cites Investment Proposal Rejection

Published February 20, 2026, 09:19
Petridis Explains Resignation, Cites Investment Proposal Rejection

Prodromos Petridis, former president of APOEL, explains his decision to resign, arguing that the rejection of the investment proposal from the Brazilian investors was the only realistic solution for the club's financial stability. He points out that this rejection, combined with the negative climate that was created, left him with no other choice. Petridis states that there were other proposals, but none met the necessary requirements. He believes that his resignation is necessary to de-escalate tensions and ensure the unity of APOEL. He thanks his colleagues for their support and expresses his opinion that the rejected proposal was the only viable way forward for APOEL's future.