PAOK: AMK unanimously approved 5 million euros

Increase in share capital of EUR 5 millionthe general meeting unanimously approved PAOK PAE Monday morning (2/6) at the Tuba stadium. Also, the entrance to the board of the black and white PAE of Marios Tsakas, who will take the place of resigned member (Hadjiapostolou), was formalized.

“Our firm position and the standard way we perceive financial information is complete transparency“, Said the third Vice President of PAE, Kyriakos Kyriakos, who was head of the process of CEO, Maria Gonzarova and Democrat Papadopoulos

“There is an ambiguity about how much a team such as PAOK costs. It’s an expensive … sporty team that makes championships. To cover the costs, it was considered that this share capital increase was needed. In order for PAOK to budge the needs of this period, this increase in share capital is increased. In order to meet immediate needs, this influx of money of 5,000,000 euros is needed“, He added.

At the same time he referred to the issue of PAOK’s training center: “With private funds the area for the training center was purchased. The money we are talking about is PAOK’s obligations – obligations. There is a commitment by Mr Savvides. We will soon present the Master Plan for the new training. So all this will soon be analyzed in the presentation of such an important work. Whether it will be PAOK’s asset I can’t tell you now. This will be answered in the presentation of the project”

Finally, for the entrance of Marios Tsaka to the BoD he said: “Mr. Tsakas is a man with experience and network to help PAOK PAE in cases where institutions are needed in Athens. His resume is posted. A man with a long participation in company BoDs. Mr. Tsakas covers a need that we have described for years, you know how difficult it is to solve issues with the state and comes to cover this need“