Football clubs’ tax debt repayment plan ‘last chance’

There will be “no other” tax debt repayment plans offered to Cyprus football clubs if they do not repay their debt through the current plan, Finance Minister Makis Keravnos said on Tuesday.

He was speaking to Ant1 ahead of the submission of a bill to parliament which will increase taxes on takings by betting shops and then increase the amount paid to the Cyprus Football Association (CFA) from 1.5 per cent to three per cent.

Cypriot football clubs currently owe more than €32...