5 Minute News

Football clubs propose a plan for managing debts

January 23, 2025

Several football clubs are awaiting the decision of the Ministry of Finance regarding their proposal to pay one-third of their new tax debts. The clubs suggest an immediate payment of 1.36 million euros and a plan to settle the remaining debts in installments. The Cyprus Football Association will oversee the compliance of the clubs. The President of the Republic emphasizes the need for compliance with the law.