Omonia FC confirms €28 mln takeover

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Omonia FC confirms €28 mln takeover
 © FinancialMirror 2021
Omonia Nicosia FC has confirmed the club will be bought by Cypriot expat billionaire John Christodoulou and informed UEFA, the governing body of European Football.

The London-based Cypriot billionaire is set to take over Omonia Nicosia FC in a deal worth around €28 mln, from the current major stakeholder, wealthy Cypriot investor Stavros Papastavrou.

The deal comes less than three years after New-York based millionaire Papastavrou stepped in to save the club from financial ruin in May 2018.

Based on the agreement Papastavrou had made with Omonia when taking over in 2018, he was obligated to...

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Article automatically added to our system on Saturday, October 16, 2021

Omonia FC confirms €28 mln takeover

Contents of this article including associated images are © FinancialMirror 2021
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