A huge investment move is coming to shake the stagnant waters and the balance of power in Cypriot football, according to an article by InBusinessNews. According to him, John Christodoulou has shown interest in buying a shopping package in Omonia. However, the team from the capital does not confirm or deny, while for the time being they have not made any statement.
According to exclusive information of InBusinessNews, the well-known Cypriot businessman John Christodoulou has shown interest in acquiring the majority of shares in Omonia, with the relevant negotiations underway and developments expected in the near future.
The information of InBusinessNews is confirmed by close associates, from the business environment, of Mr. Christodoulou, stating characteristically that “he is really interested in acquiring shares in Omonia”.
The ongoing deal and the involvement of the Cypriot businessman in the management / shares of Omonia is a subversive development for the club of Nicosia, namely the company that manages the football department, whose major shareholder is currently known as Stavros Papas .
It is recalled that Omonia Football, chaired by Mr. Papastavrou, took over the management of the football department in June 2018, signing a relevant agreement with a specific duration with the Board of Directors of the Association. The conclusion of the agreement for the acquisition of the majority stake by Mr. Christodoulou is subject to the completion of the due diligence, which is currently underway, as well as whether the two parties will agree on the sale price of the shares.
Any positive outcome will essentially signal the change of ownership of Omonia Football after about three years.
John Christodoulou, who is worth noting that he declares and is a fan of Omonia, is considered in the business world as the leader of real estate.
He is the founder and CEO of Yianis Group, one of the largest real estate investment companies in the United Kingdom. In recent years he has shown remarkable charitable work, having among other things founded the charitable foundation Yianis Christodoulou Foundation.
* photo from omonoia24.com
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