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Wednesday, May 22, 2024

How do they justify the financial statements in Paphos

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 Πoς δικαιολο&gamma οοοοοκς ;αστàσεις

The number of revenues (€23,919,587) presented in the financial statements published yesterday by KOP, commented the General Director of Pafos, Haris Theoharous, also expressing his opinion on the various comments that were heard.

“Each one became an economist. Fair play has changed its name. There are also three pillars for complying with all regulations. The first has to do with solvency that there are no debts to players and clubs, to employees and to the government, which is the most important. The second is stability and the third which is cost control. Everything is maintained by Paphos FC.

There is an amount for infrastructures that we built ourselves without the help of the CMO. I can't understand the comments that Paphos FC's budget is high. We also have expenses of 6.5 million euros in construction. The salaries of the players, which amount to 6-6.5 million euros, are 28% of the expenses.

The income of 24 million euros, comes from sponsors and the owners of the team who have a significant contribution. Paphos owes nothing to anyone. If it is right to owe millions and wrong not to owe… this only in Cyprus! The inquiries must be made for the groups that have large debts”.

Source: gipedo.politis.com.cy

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