Sudden and at the same time “huge” development for PAOK! In a statement, the “biceps” amateur informed that he came to an agreement with businessman Aristotelis Mystakides to finance that construction of her Tuba.
Among other things, Amateur PAOK reported: “We have accepted endless – unbearable pressures and prompts’ ‘Do something for the new stadium, find investors.’
Indeed, thanks to the participation of PAOK friends, we came into contact with Mr. Aristotle Mystakides who is a well -known PAOK and Thessaloniki fan. We discussed PAOK and especially the big problem of making our new stadium.
So, after many discussions, he accepted and committed that he would contribute the necessary funds with his own funding to build the new PAOK stadium in Tuba, UEFA specifications, replacing the existing. “
In his written statement, the “king of copper”, as his nickname, Aristotle Mystakides, pointed out that “… It is my pleasure and honor to make our common vision for PAOK to get the home it deserves. The new Tuba will be one of the most modern stadiums in Europe with UEFA specifications, worthy of the hundreds of years of our team’s history.
It will be the stadium where the PAE football team will grow and all the parts of the PM. Thanks to our excellent cooperation with the PM the implementation of the project will be rapid. The dream of our thousands of fans in Greece and around the world now becomes a reality. “
Who is the “king of copper”?
Aristotle Mystakides, 63, was among the nine Greek billionaires on the Forbes list with the richest people on the planet for 2025. His property amounts to $ 3.5 billion. On a family level, he is married and has a son.
He comes from Thessaloniki, but he has Greek and British citizenship. He was born in Rome, a city where his father served as a UN scientific adviser, in the program to combat food. His family then moved to Great Britain and completed his studies at the London School of Economics.
He worked for 6 years in colored metals (gold and copper) for the American company Cargill. In 1993 she moved to Marc Rich & Co shortly before her acquisition and renaming it to Glencore. He worked in the zinc, copper and lead departments, reaching the position of Deputy Director in 2000.
In the summer of 2010, Glencore announced its introduction to the London and Hong Kong stock markets, valued at $ 61 billion. Her giggling has highlighted a billionaire to Endi Mystakides, who left the company after two decades, having built a total career in the commodities market from 1984 to 2019.
In December 2018, Mystakides left Glencore. Since then, it has expanded its business activities, creating a differentiated portfolio with a focus on shipping, real estate and banking sector.
In 2021 he entered the shipping industry, when he made a significant investment in the London -based Maritime Maritime, mainly in the tankers, which open and the transport of bulk dry cargo.
In the last decade it has invested tens of millions of euros in the international real estate market including houses in London, Halkidiki, Athens and Thessaloniki. It is only in the USA estimated to have investments worth half a billion euros.
Since 2021 it is one of the largest shareholders of Piraeus Bank, investing 50 million euros. In April 2024, it acquired the majority package of Aegean Baltic (ABBANK) with the purchase of 48% of its shares, ensuring that 68% control of the bank effectively. At the time of the acquisition, Abbank reported assets of € 1.15 billion, customer deposits of € 1 billion and total loans of € 505 million.