Olympiakos’ Chairman Helps Cephalonia

Vangelis Marinakis, chairman of Greece’s football champion Olympiacos, announced on Thursday, his intention to give money to the quake-struck Greek island, Cephalonia. Olympiacos will help finance the effort of the Greek state mechanism to reconstruct schools that have been damaged by the continuous seismic activity. The earthquakes have caused severe damage to many residencies and public buildings including schools which have been temporarily closed. Mr. Marinakis said that “Olympiacos stands by the side of Cephalonia’s residents in a time of need. Solidarity and compassion are dictated by our society’s history, principles and values. We must do our utmost to help Cephalonia’s local society to feel safe again and to rebuild the damaged school in order for the children to carry on their studies. The Greek Minister of Education, Constantinos Arvanitopoulos welcomed the kind gesture of the Olympiacos chairman. Mr. Marinakis promised to cover the cost of repairing the schools in Cephalonia. The authorities estimated that the damage will cost approximately 500,000 euros. Cephalonia has been struck several times in the past by big quakes. In fact, back in 1953 the island was hit by a major earthquake which caused the death of 450 people and nearly destroyed the whole island.

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