Many fans of the Reds believe that those 20 million euros will be spent for transfers, in order for the squad of the team to be strengthened, but this is not correct. The last season was ended with an 8-million financial loss for Olympiakos, while 2016-17 started extremely bad, after the shocking elimination from Champions League's group stage on Wednesday.
In order to avoid any problems with the Financial Control Body of UEFA, by violating the Financial Fair Play for second season in a row, Vangelis Marinakis was forced to invest another 20 million euros to his club, the money Olympiakos would had earned if they had advanced to Champions League's group stage as usual.
UEFA is very harsh in the matter of Financial Fair Play and punishing hard the teams which are violating it, such as Fenerbahce S.K., Manchester City, Paris Saint-Germain in the recent past, by not allowing them to make transfers, very heavy money fines and even disqualification from all the european competitions!
Of course, the company's stock capital increase of Olympiakos is not fake and the Greek businessman will actually invest the 20 million euros, in order for the balance sheet to be improved. Still, the supporters of the club should not be expecting the majority of this money to be spent on transfers and footballers' salaries.
It seems that the administration of the Reds had planned the season budget by expecting qualification at least to Champions League's group stage. That expectation was finally not correct, the profit from UEFA this season will be much smaller and Vangelis Marinakis is forced to cover the financial damage by his personal property.
