Finance ministry urges football clubs to settle €35.6m in debt
https://cyprus-mail.com/2024/09/24/fina ... 6m-in-debt
The finance ministry on Tuesday sent a letter to football clubs participating in the debt repayment scheme, urging them to settle their debts to the state, totalling €35.6 million, which were accumulated from July 2007 to March 2023. Previously, debts amounting to €10 million were also written off.
The ministry also submitted a new document to parliament detailing the names of the football clubs, the total debts owed to the state and the new debts they have accumulated. It also includes the amounts each club must pay monthly.
Apoel had total debts of €13.7 million as of March 2023. Under the repayment plan, Apoel is required to pay approximately €82,000 monthly to the state.
Omonia’s total debts stood at €5.3 million as of March 2023, needing to pay €32,000 monthly. Ael reported total debts of €4.5 million in March 2023, requiring monthly payments of €26,920. Apollon had total debts of €4.1 million, with a monthly instalment set at €24,740. Anorthosis Famagusta owed €4 million as of March 2023, requiring monthly payments of €24,198.
Ethnikos Achnas reported total debts of €1.15 million, requiring monthly payments of €6,887. Aris Limassol’s debts totalled €477,371, requiring a monthly payment of €2,841. Nea Salamina’s total debts were €409,019, necessitating a monthly payment of €2,434. Paphos FC reported total debts of €74,382, requiring monthly payments of €442.75.
Aek Larnaca, Karmiotissa, and Aez Zakakiou reported no tax liabilities as of March 2023, according to the finance ministry’s document.
Apoel owe more than €1 million to state in unpaid taxes
https://cyprus-mail.com/2024/07/10/apoe ... paid-taxes
10 July 2024
According to the Audit Office, out of the 19 clubs which owed unpaid taxes in 2023, five had not made a single payment since the latest repayment plan was agreed in 2023, with 14 having since accumulated new tax debts. That plan’s deadline was set for June 2037, and the plan is still, hypothetically at least, in play.
Altogether, the 19 clubs owe the state €33.2 million in taxes. The repayment deadline is 14 years – by June 2037.
Labour minister names Apoel in €2.3m social insurance case
https://cyprus-mail.com/2025/01/14/labo ... rance-case
Apoel admits guilt in €2.3 million social security case
https://cyprus-mail.com/2025/03/26/apoe ... urity-case
Eight officials from the Apoel sports club pleaded guilty on Wednesday in a high-profile case involving unpaid social security contributions totalling €2.3 million.
Tales from the Coffeeshop: Government fall-guy gets cemented in scandal
https://cyprus-mail.com/2025/01/19/tale ... in-scandal
Former labour minister says dismissal came without warningIF HE WAS not such a union-pandering communist, we could have felt a bit of sympathy for Labour Minister Yiannis Panayiotou, after he was hung out to dry by Prezniktwo, in order to appease the howling Apoel mob that wanted to drink his blood.
https://cyprus-mail.com/2026/01/08/form ... ut-warning