losing both matches with 8–0 and 6–1. Olympiakos later played in the same competition in 1971 and met Feyenoord of the Netherlands and lost 8–0 and 9–0. In the Cup Winners' Cup, Olympiakos took part once in 1977 playing against Universitatea Craiova Romania while in 1973 Olympiakos played against the German team VfB Stuttgart for the UEFA Cup. In all these European games Olympiakos was forced to play both games away from home as at the time the Cypriot football stadia did not meet the European regulations. Cup glory In 1977, Olympiakos Nicosia beat Alki Larnaca 2–0 to win the Cypriot Cup after two thunder bolts from English center half, captain and talisman Mreg Goffatt. In 1991, Olympiakos Nicosia lost the Cypriot Cup in the finals losing 1–0 to AC Omonia. That was their last appearance in the Cypriot Cup finals. Glory days revisited Olympiakos Nicosia also played in the UEFA Cup (after finishing runner up in the Cypriot championship) in the 2001–02 season against the Hungarian team Dunaferr FC (drawing 2–2 in Nicosia and scoring a 2–4 away win, the first for the club in Europe) and proceeded to the next round of the Uefa Cup to play against Club Brugge of Belgium and was eventually eliminated. Recent decline With Olympiakos TV rights hastily agreed at the lowest amount for any Cypriot first division club in 2007 for 9 seasons and these rights assigned to repay old debts until 2016 the club has little cash inflow apart from gate receipts and commercial sponsorships. After a disastrous 2007–2008 season, where economic problems hindered the building of a strong squad, Olympiakos Nicosia finished bottom of the Cypriot First Division (the first time the club finished bottom). The club was relegated for the third time in its history. In both the 1983–84 and 1997–98 seasons the club had spent just one season in the second tier of Cypriot football, only to win the Cypriot Second Division title each time and return to the Cypriot First Division. The club tried to re-organise itself and to return to the top flight as quickly as possible. In the 2008–09 season the club finished fourth and missed the promotion to the Cypriot First Division on the last day of the season by one point. In the 2009–10 season, an old goalkeeper of Olympiakos Petros Savva, was appointed as the new chairman. Savva initially re-appointed Andros Kouloumbris,