PAOK: There will not be an AMK – What was reported at the General Meeting

No decision was made to increase the share capital at today’s General Assembly of PAOK.

As stated by Kyriakos Kyriakos “No decision was made to increase share capital, as we do not know exactly how much the team will reach. The increase amount cannot be set. The Board of Directors will call a new General Assembly, as soon as we have the figures of the revenues from Europe».

PAOK’s total revenue is 36,402,000, compared to 27,645,000 last year, while the expenses of the competition department reach 51 million. euros (loss 16,590,000). At the same time, there is a surplus of 11.9 million. euros, while it concerns the period July 2023-June 2024.

The third vice-president of the “two-headed North” added: “Again, we all appreciate you being here and asking questions. Transfermarkt is a tool, but informal and often misleading. Everyone who lived through the last period, appreciates that it is a journey of… ejection, with a slow start as it was necessary to do a preparatory work at the beginning. There were no wasted years, since 2017 the team has been constantly in the headlines. We are at No. 53 in the ranking. We could have gone higher, yes, and this demonstrates the continuous effort. The team’s runs are the best in history. The goal remains the top 20 for us, but we have a normal development of things. The investments of the 12th year have taken place, although the best is the enemy of the good. The general assessment is that this is a very positive period for PAOK».

In addition, he focused on the fact that Makis Gagatsis has not been at PAOK in recent months: “We are proud and happy that Makis Gagatsis is shining. We miss him. Maria Gonchareva is excellent and has Ivan’s full support and direct communication. The way of administration is stronger and more correct. So far, administratively we are doing well, continuing our fight, but of course there are also omissions. As the president of EPO, Makis Gagatsis has our support, but we also defend our interests. Officiating is another piece. The foreign referee must come directly from UEFA».