Olympiacos Splash Cash On New Signings

Olympiacos Splash Cash On New Signings

Olympiacos’ season began in the best possible way with last week’s 3-1 away over Partizan Belgrade for the 3rd round of Champions’ League qualifying. That result has supporters believing that there will be a return to the Group Stage of the Champions’ League this season.


The club has bolstered the squad in recent weeks with four key additions. And in doing so, Olympiacos have spent more money than any other Greek side. Despite, the economic crisis affecting Greece, Olympiacos maintain the financial might to pay transfer fees that other Greek teams simply cannot. While the size of the transfers are not particularly big, in fact they are a pittance when compared to major European sides, they are a reminder that Olympiacos still reign supreme in Greece with regard to economic might.

Upon closer inspection, Olympiacos have spent nearly €10 million this past month on four player purchases. Along with the transfer fees, Olympiacos are set to spend another €10 million on the wages of the four players purchased for the duration of their contracts.  Those players are as

Vadis Odjidja-Ofoe: The Belgian midfielder came over to the Erythrolefki from Legia Warsaw for a fee of  €3 million. His contract is a 2 year deal with an option for a third year which will pay him  €1.3 million per season.

Emmanuel Emenike: The Nigerian striker came over from Turkey in a  €2.5 million move. He is on a 2+1 year deal, with the option to be re-signed for the third season. His yearly salary is  €2 million. 

Mehdi Carcela: The Moroccan winger has been brought over on a 1+2 year deal that will cost in the neighborhood of  €2 million. His salary is set to be around €1.2 million per season. 

Jagos Vukovic: Olympiacos paid a fee of €2.2 million to Konyaspor for the 29-year-old Serbian defender. Vukovic is on a three-year deal at €1 million per season.

These transfers are expected to be the lead-in to perhaps one or two more moves should the team qualify for the Group Stage of the Champions’ League. Generally speaking, supporters seem pleased with the club’s business as compared to last season when too many players came into the team much too late.

by George Tsitsonis
Image Source: sdna.gr
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