Cyprus top-flight club landmark venue plans

Article posted by Coliseum, January 30^th, 2024

Image: @apoelfcofficial (X)

The APOEL FC, one of the most prominent football clubs in Cyprus, has taken a significant step towards modernizing Cypriot football with the announcement of a new stadium project.

‘FOOTBALL BUSINESS JOURNAL’ stated that revealed during the team’s Christmas event, the plans for this privately-owned stadium in Kokkinotrimithia (village in Cyprus) mark a pivotal moment in the club’s history.

The APOEL FC is a Cypriot professional football club based in Nicosia, Cyprus. APOEL is the most successful football team in Cyprus with an overall tally of 28 national championships, 21 Cups and 13 Super Cups. It plays in the Cypriot First Division, the top tier football league competition in Cyprus.

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The GSP Stadium is a football stadium in Strovolos, Nicosia District, Cyprus. Although small by international standards, it is the largest stadium in Cyprus with a capacity to hold 22,859 spectators and was opened in 1999. It serves as the home stadium for the top-flight club APOEL FC.

Partnership for Progress

‘FOOTBALL BUSINESS JOURNAL’ further stated that the announcement made by the club’s Chairman, Prodromos Petrides, revealed a partnership with the Cypriot entrepreneur Constantinos Iordanous. This collaborative effort represents a major investment in the future of the club, with Iordanous set to invest 50 percent in the project.

A New Home for APOEL

The proposed stadium, as visualized in the artist’s impressions, is poised to become a landmark in the Nicosia district. The club’s statement expressed gratitude towards Iordanous for his involvement and shared enthusiasm in realizing a vision that has been long-awaited by the fans and the stakeholders alike.

Legal Framework and Timelines

The legal advisors from both Iordanous’s team and APOEL have been instructed to initiate procedures for drafting agreements, setting a goal for completion by the end of March or early April 2024. This timeline underscores the commitment of both the parties to expedite the process, ensuring the stadium’s timely construction and operation.

Anticipated Outcomes

There is a sense of optimism surrounding this project, with expectations for smooth proceedings and the likelihood of a presser in early 2024. This event is expected to detail the financial and technical aspects of the project, providing comprehensive insights into what will be a significant development in Cypriot football.

A Long-Awaited Development

For years, both APOEL and their rival peer team Omonia Nicosia have hinted at the possibility of building private stadiums in Nicosia. However, these plans have often been hindered by challenges such as limited space in the capital and funding issues. The announcement of APOEL’s new stadium project, therefore, represents not just progress for the club but also for the entire Cypriot football scene.

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