People from Pontos have a characteristic and Ivan Savvidis could not be the exception. They are stubborn and cannot relax unless they achieve what they want. That is their main target.
Ivan Savvidis is the main investor of Greek football, the man who has spent the most money, since the day he came to PAOK.
The results of his team in the past three years weren't that good and this would logically had to disappoint him. Instead of that, his reaction was quite impressive: he not only signed the worldwide famous Frank Arnesen as sporting director, but he's also guaranteed to him that the team's budget next year will be big.
Ivan Savvidis is the No1 investor in Greek Football right now and his ambition is to make PAOK a championship team. This can easily be understood when someone looks at the amount of money that he had spent, especially in comparison with the other big clubs' budgets in Greece.
The current season is indicative of how much money he spent. Last year the amount was much smaller, since it barely exceeded the seven million Euros.
But this year, considering that PAOK failed to qualify in the Champions League and didn't get to Europa League's round of “32”, nor played many games in the Greek Cup, and there wasn't a huge trade agreement with a sponsor, the total money spent is an astonishing number.
The bad results of the team forced Ivan Savvidis to pay 12 million Euros and we have to bare in mind that the season is not over yet. According to some relevant calculations the total amount of money spent will reach up to 14 million Euros and there will be added 14 millions more which are approximately the team's income.
PAOK is an organization that annually costs close to 28 millions, with the 80% of this 28 millions go to the sports “section” of the team.
What is more impressive- and the average fan can't even think of it- is that the managers, the first team, the academies, the contracts, the taxes, the trips and the miscellaneous expenses are more than 20 million Euros per year- an amazing number, especially in comparison with the team's results.
This year Ivan Savvidis also paid PAOK's debts. The almost 11 million euros that he gave to the state is added to the 14 million euros that he offered to the club and the amount reaches 25 million euros. In order to realize the level of eagerness-investment of PAOK shareholder, let's analyze what the rest did during this period.
Olympiacos has 7,83 million euros profit on late year's balance sheet, a number that will be the same this year thanks to Champions League and the sale of several players.
Panathinaikos intention for this year was to have a profit, so that the team could cover part of this year's investment, but that eventually didn't happen- at least according to the reports.
AEK, according to the document submitted to the Committee on Professional Sports, claim that the team has no shareholder and that the current expenses were covered by the trade agreements with sponsors. This is quite logical, since AEK played at Football League and not Superleague this year and the team's contracts with the players were not that big.
The two “eternal enemies” (Panathinaikos and Olympiacos) in basketball, though, have made big investments: essentially Aggelopoulos brothers have paid close to 9 million dollars to watch their team, Olympiacos, reach Euroleague's final and have the home court advantage in Basketleague's playoffs.
Giannakopoulos family comes third, with 7 million Euros spent in total, in an attempt to keep Panathinaikos a competitive team.
Ivan Savvidis spends exorbitant amounts of money since all he wants is to see PAOK winning the Greek championship and becoming an even bigger club. He is not disappointed by the team's failures and what makes the whole thing even more interesting is to see what will happen if the project with Arnesen turns out well.
In short, and because it's much more easier for everybody to remember the presidents of the teams only when the trophies and the victories come, it is very important to stress the fact that in a bad year for PAOK, his shareholder is the Greek professional sports' main lifeblood- and not only for this season but probably for the next one too.