Cyprus has secured European Commission approval for €44.5 million in public funding for the construction of Limassol’s new football stadium, alongside a 20-year preferential use agreement for three local clubs, according to an official statement.
The decision clears the financing granted by the Republic to the Cyprus Sports Organisation (KOA), which owns and manages the stadium, as well as the licensing terms agreed with Apollon Limassol, AEL Limassol and Aris
