Sydney Olympic president Bill Papas is due to take over Greek Super League side Xanthi FC after he reportedly reached an agreement with current owner Christos Panopoulos.
According to SDNA Sports, Papas submitted a file yesterday to the Professional Sports Committee through his lawyer Fanis Ouzounidis. Once approval is given, all procedures for the acquisition of the shares of the Greek team are expected to be initiated.
Papas reportedly chose Xanthi because of its geographical location, in addition to the Greek Australian supporting the mentality of the squad and players.
“He likes to create strong academies, build goodwill and sell players as expensive as possible,” the SDNA outlet reported.
Papas reportedly overcame the last hurdle with the current owners of Xanthi after they agreed on a price for the club, should they play in the Super League League next season and not be relegated.
The Greek Australian business executive has previously expressed his mad love for football and currently remains president of NPL NSW side Sydney Olympic.