Concerns Over the Debts of Major Football Clubs
January 14, 2025
Several football clubs are attempting to raise funds to repay their debts to the Tax Department and Social Insurance. The Tax Department will not revise the repayment terms and is preparing charges against four major clubs that owe significant amounts. These clubs, particularly APOEL, face severe legal consequences if they do not pay promptly. The outstanding debts are significant and compliance with UEFA regulations is urgently needed.