Cyprus Mail 26 March 2025 - by Charalambous Stylianou
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.
The case, which centres on financial irregularities between 2020 and 2022, was heard in court, where the defendants admitted to the charges.
A total of 11 individuals were originally charged, but only eight appeared before the court. The judge scheduled a new hearing for July 2 at 9am to determine the next legal steps.
The charges relate to the club’s failure to transfer employee contributions to five key social security funds. These include the annual leave fund, the redundancy fund, the human resource development and social cohesion fund, the national health scheme and the social insurance fund. Prosecutors allege that Apoel deducted these payments from employees’ salaries but failed to pass them on to the relevant authorities.
The revelations have sparked public outrage, particularly among the club’s supporters and former employees. Critics argue that the club’s financial mismanagement could have long-term consequences for its reputation and operations.
Apoel, one of the most successful football clubs in Cyprus, has a long history of domestic and international achievements. Founded in 1926, the club has won numerous national championships and has represented Cyprus in European competitions.
However, in recent years, financial difficulties have plagued the organisation, leading to increasing scrutiny over its management and financial practices. This case adds to a series of financial troubles that have raised questions about the sustainability of the club’s operations.
Legal experts suggest that the court may impose heavy fines or even custodial sentences, depending on the severity of each official’s role in the case. The final decision will be made after the July hearing, where further evidence is expected to be presented.
Apoel has yet to issue an official statement on the matter. However, sources close to the club suggest that efforts are being made to settle the outstanding debts and prevent further legal complications.
