Evangelos Marinakis And Co

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When EM took over the Club the number of shares in circulation was around 1.7Bn; Kominakis "owned" 354m of those shares, around 20% of the club.

Since then, EM has converted the Clubs debt to equity by issuing new shares - the number of new shares issued is in the region of 53Bn.

This has diluted the value of shares held by Kominakis, to something in the region of 5 - 6%.

I would assume that Kominakis was nothing more than a placeholder for EM, acting as insurance if anything arose which threatened his fit and proper accreditation.

Those threats have now dissipated so there will be no need for him.

Thanks for sharing this info. Much appreciated