that team Vice President C' Angelo P. Palivos, his brother Gregory Palivos and their mother Vassiliki Tyrvolis Palivos, secured ownership and control of 36.4% of the team's shares. The brothers both served on the teams Board of Directors on behalf of the Palivos family of Las Vegas, Nevada & Chicago, Illinois. On 22 June 2020, Michael Bousis bought out the shares of the Palivos family and became again the majority owner of OFI Crete FC. On the same day, Angelo and Gregory Palivos resigned from their board seats. On 17 May 2021, Michael Bousis announced that Minas Lysandrou, is the new CEO of the club. Lysandrou served as AEK Athens F.C CEO up until 31 March 2021. Crest and colours Crest OFI's traditional crest has been used since the club's foundation in 1925 (with several variations throughout the years). It featured a white shield with a black outline, and a diagonal black ribbon containing the club's acronym "ΟΦΗ" in white Greek letters, read from the bottom left to the top right of the crest. In 2016, as part of the club's re-entry into professional competitions after its dissolution the year before, the club's foundation date «1925» was added to the crest, while the outline was significantly thickened, so as to constitute a substantial visual change from the logo of the bankrupt, liquidated forerunner Club. As of August 2020, the club's new administration issued a new crest, which incorporates the Greek letters "ΟΦΗ" in the centre of a circle, thus forming the badge of the club. According to the club's press release for the unveiling of the club's new logo, the departure from the previously used shield, and use of the circle expresses stability and balance, while the concentric circle design being used as a metaphor for teamwork, focus and dynamism. Visually, the crest' design was inspired by the lines of the football field as seen from above, with the letters O and H corresponding to the two boxes, and the letter Φ representing for the center of the pitch. Colours The colours that OFI used were black and white, because none of the existing sports clubs had the same colour combination in Crete. Sponsorships: Great Shirt Sponsor: OPAP Official Sport Clothing Manufacturer: Puma Golden Sponsor: AVIS Stadium OFI's stadium is Theodoros Vardinogiannis Stadium, a stadium in Heraklion, Crete, Greece. It was built in 1951 (not at its present state) as