Anorthosis paid € 1.500.000 and continues to pay

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In a team, in addition to the competitive obligations that exist and which judge the course of the team during the year, there are also the obligations of the management for the sustainable operation of the team with the main concern to meet the financial obligations that it has in the existing staff but also in old debts… 

You see the UEFA criteria have been prevalent in football for a long time, with all the teams competing daily to meet them.

In Anorthosis, it is not an exaggeration to mention that every day there is a battle to find even a few euros. Since the day it took over the "Lady", the administration of Savva Kakou has paid for current liabilities but also in old debts an amount that reaches € 1.500.000.

Footballers who have left the team have been paid. Installments have been given to teams from which players were acquired. Money has been given to Social Security and Value Added Tax. The administration of Savva Kakou has paid a large enough amount to old creditors and debtors. The transfer of Ricardo Fernandes was recently paid off, an amount that reaches € 140.000.

€ 150.000 for the criteria
In view of the new check for the UEFA criteria, Anorthosis will have to pay an amount close to € 150.000 to meet them. Specifically, this amount corresponds to installments of the debts he has with Foderigham, Pedro and Skopelitis, while two installments should be given for the acquisition of Marcinios by CSKA Sofia.

Players are paid
Within 15 days, the administration will pay the players the January salary, while there is a guaranteed amount needed for the payments of the players and those who make up the football team for the month of February.

Value Added Tax Settlement
The next goal of the administration is the meeting with the Value Added Tax, in order to settle a settlement agreement for the repayment of Anorthosis's debts to the specific state body.

Midendrop and the € 200.000
Of course the old debts or if you prefer the old sins do not stop here. Following the review of the UEFA criteria for March, the administration will have another case before it. That of Ernst Mintentrop, for whom € 200.000 will have to be paid for his short stay at Anorthosis.

Personal loans € 1.000.000
The effort made daily by the management and friends of Anorthosis is enormous. Characteristic is the fact that since the summer until now members of the management and two friends of Anorthosis have taken out loans amounting to € 1.000.000, an amount which was given for direct obligations of the team but also for old debts. An important element in this case is that the installments are paid by them, without any charge to Anorthosis.

Source: SIgmaLive / Vassilis Tsiropoulos