Over the past eight years, Marinakis has been actively involved in the club, making significant investments to support its growth. His efforts have been instrumental in the team's progress, and the club is now set to compete in Europe for the first time in three decades.

Marinakis has a history of converting debt into equity, and this latest move is no exception. By issuing 17 billion 1p shares, he has helped reduce the club's debt and provided a boost to its finances.

The club has released a statement confirming the conversion, stating that the shares were issued and allotted at nominal value with no premium attached.

Marinakis's commitment to the club is evident in his continued investment and support. His efforts have helped the team achieve success and paved the way for future growth.