Greek authorities confirm Bill Papas owns Xanthi FC

·

The Greek Professional Sports Committee has ruled that alleged fraudster, Bill Papas, does own Greek football team Xanthi FC, despite earlier telling an Australian court the opposite.

In a statement, the committee said “there was no illegal transfer of the shares” and “the data so far do not show the illegal origin of the money, which was allocated for the increase of the share capital of PAE Xanthi.”

READ MORE: Greek authorities investigate ownership of Bill Papas’ Xanthi FC.

Xanthi FC welcomed the news in a statement on its website.

Bill Papas was spotted at a Xanthi FC game last year.

“With the decisive contribution of the vice president of (Xanthi FC) and its legal representative, Fanis Ouzounidis, the truth shone before and any attempt to hurt our team fell into the void again,” the statement reads.

“We continue with even greater strength and faith the effort for the fulfilment of our goals and for the return of (Xanthi FC) to the position it deserves.”

READ MORE: Bill Papas appears at Xanthi FC game in Greece despite arrest warrant.

According to The Australian, Mr Papas was dragged before the committee late last year to explain statements he’d made to the Australian Federal Court attesting that he’d sold his shares in Mazcon, the company which owned Xanthi FC.

Bill Papas.

Mr Papas later told Greek media he “did not deny the authenticity of this document” but claimed “that a statement made in the context of a civil case in an ongoing foreign court does not mean that it is true.”

READ MORE: Bill Papas’ cousin, Eric Constantinidis, added to Westpac’s legal case.

Westpac and two other lenders, Société Générale and Sumitomo, filed Federal Court civil action against Mr Papas last year, alleging he and his company Forum Finance orchestrated a $500 million fraud against the banks.

Mr Papas’ court case is expected to be brought to trial at the start of June.

READ MORE: Westpac to launch court action in Greece against Bill Papas.

Source: The Australian.

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Sydney Olympic AGM: Hanlin tackles logo backlash, funding offers and a new direction

Sydney Olympic FC held its AGM on Tuesday, where President Damon Hanlin presented a wide-ranging update on the club’s future direction.

A legacy continued: Celebrating 50 years of the Navarino Society of SA

The 50th anniversary of the Navarino (Pylion) Society of South Australia was marked with a night of pride, nostalgia, and optimism.

Renos Haralambidis reflects on time, art, and the spirit of Hellenism during Sydney visit

Greek filmmaker Renos Haralambidis concluded an insightful and warmly received visit to Sydney, which featured his entire body of work.

Oakleigh Grammar marks OXI Day with heartfelt tributes and student-led performances

With emotion, pride, and deep respect for history, Oakleigh Grammar held its annual celebration for OXI Day on Tuesday, October 28. 

South Melbourne FC shines at historic launch of OFC Pro League in Auckland

South Melbourne FC joined football leaders at Auckland’s Eden Park for the historic launch of the OFC Pro League.

You May Also Like

Student Sophia Tsoltoudis’ work among those on display at HSC Showcase in NSW

The next generation of performers, inventors and creators put talents on display in NSW first ceremony to launch the 2023 HSC Showcase season.

Hellenic Horizons: A sold-out celebration of Greek Australian women’s achievements

On Sunday, 16 March 2025, a sold-out crowd of 200 people gathered at The Grand Roxy in Brighton-Le-Sands for ‘Hellenic Horizons: Greek Women Leading...

Greek Prime Minister calls for new energy interconnection with Egypt at COP27 summit

Greece's Prime Minister, Kyriakos Mitsotakis, has called for a new energy interconnection with Egypt using Renewable Energy Sources (RES).