APOEL president to resign following team's third consecutive defeat
APOEL FC is facing a major administrative shift following a 3-2 defeat against Ethnikos Achnas, marking the team's third consecutive loss. President Prodromos Petridis is expected to submit his resignation during a board meeting on February 17, ending a 13-year tenure. The club faces significant financial challenges, with debts reportedly exceeding €50 million and monthly operating costs between €600,000 and €700,000. Vice President Charis Photiou is considered the primary candidate for an interim presidency, contingent on the support of fellow Vice President Nikos Kouyialis. In the recent match, Ethnikos's Lucas Andereggen was the standout performer with two goals and one assist. The APOEL Sports Club has also scheduled an Extraordinary General Assembly for March 4, 2026, to discuss future plans. Meanwhile, potential investment from Sports Legacy remains pending as the club seeks stability under a transitional leadership.