Evangelos Marinakis

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Evangelos Marinakis
Ευάγγελος Μαρινάκης
Born (1967-07-30) July 30, 1967 (age 47)
Piraeus, Greece
Residence Athens, Greece
Nationality Greek
Occupation President & CEO of Capital Maritime & Trading Corp.
Owner of Olympiacos
Net worth Increase US$750 million (2015)
Spouse(s) Athanassia Marinaki
Children 3
Parent(s) Miltiadis Marinakis
Eirini Marinaki

Evangelos Marinakis (Greek: Βαγγέλης Μαρινάκης, born July 30, 1967) is a Greek shipping magnate and owner of Greece's football club Olympiakos F.C.

Biography[edit]

Evangelos Marinakis was born in Piraeus, Greece on July 30, 1967. He is the only son of Miltiadis Marinakis and Eirini Marinaki (née: Karakatsani). His father was a shipowner, a Member of the Greek Parliament and the main financial supporter of Piraeus football club, Olympiacos. Evangelos Marinakis earned a B.A. in 'International Business Administration' and an M.Sc. in 'International Relations' in London.[1]

Professional life[edit]

Shipping[edit]

Since March 2005, Evangelos Marinakis successively became President, Chief Executive Officer and Director of Capital Maritime & Trading Corp.[2] From March 2010 until September 2011, he also served as Chairman and Chief Executive Officer of NYSE-listed Crude Carriers Corp.[3][4] Between March 2007 and December 2014[5] he was Chairman of the Board of Capital Product Partners L.P. (NASDAQ:CPLP). From 1992 to 2005, Marinakis was the Commercial Manager of Capital Ship Management Corp. [6] and oversaw the businesses of the group of companies that currently form Capital Maritime. For the past decades, he has also been active in several other family-controlled businesses and today he has investments in the shipping, energy and real-estate sectors.[2]

Having "grown his shipping empire from the small company he took over from his father, which controlled seven bulk carriers",[7] he is regarded as one of the most important and influential shipping personalities wordwide. He was included in the Lloyd’s List “One Hundred Most Influential People in the Shipping Industry” list, ranking 67th in 2014, 73rd in 2013[8] and 84th in 2012. He was also included in the TradeWinds “Power 100” list of the ‘top shipowners and operators”, ranking 31st in 2012[9] and 75th in 2010.[10] In 2014[11] and 2010[12] he was awarded the "Newsmaker of the Year" award at the annual Lloyd's List “Greek Shipping Awards”,[13] while in 2009 his company, Capital Ship Management Corp. was awarded the “Tanker Company of the Year” award.[14]

Political career[edit]

In 2014, Evangelos Marinakis won a local councilman[15] seat in his hometown of Piraeus. He ran on an independent list he co-founded that also featured former club spokesman Yannis Moralis. Amongst the pledges of Yannis Moralis independent ticket were the preservation of the public nature of Piraeus Port Authority, the development of Piraeus as Europe’s largest cruise ship destination and home port.[16] After Marinakis went on to win the position of Mayor of Piraeus, Reuters declared that : "rarely has big business mingled so openly with politics in a country where contacts between the two are usually conducted behind the scenes".[15] Marinakis responded, in a Tradewinds interview, that he can see no reason why someone with a strong record in business cannot get into politics. “I am not involved in any business within Greece, which is very important — that’s why I’m also not afraid to be involved in politics”. Since the elections, heundertookthe construction of squares, parks, children’s playgrounds and sports facilities, at his own cost, as the municipality of Piraeus lacksthe necessary funds due to the economic crisis.[17]

Sports[edit]

Since mid-2010 Marinakis has owned Piraeus' hometown team Olympiacos, and serves as its President.[18] Marinakis served as president of the Superleague Greece and Vice-President of the Hellenic Football Federation (HFF) from August 2010 until September 2011. During his presidency of Olympiacos, the team won the Greek League title for the periods 2010/2011, 2011/2012, 2012/2013, 2013/2014 and 2014/2015 and the National Cup for the 2011/2012 and 2012/2013 seasons.[19]

Olympiacos donations[edit]

During his presidency, Olympiacos has offered the symbolical amount of 100 000 euros to the Japan earthquake relief fund,[20] and acted in support to the non-profit environmental organization ‘Arcturos’,[21] to the pediatric clinics of ‘St Sofia’ hospital in Athens[22] and the ‘General Hospital’ in Limassol,[23] in various blood collection campaigns,[24] to Greek and international children’s charities, including 'Elpida', 'Argo', the ‘Steven Gerrard Foundation’,[25] to the ‘Hatzikyriakos Foundation’, to a Greek union of ten Greek NGOs,[26][27]

Through the benevolent fund of “Genesios Theotokos” parish in the Athens suburb of Nikaia, Marinakis finances the daily meals of a thousand people weekly.[28] In February 2014, he donated €500,000 for school repairs in the Greek island of Cephalonia, which was hit by destructive earthquakes.[29]

On June 2012, Marinakis repurchased Greek national debt, with a face value of €1,364,000 by offering the amount of €168,590 on behalf of each of Olympiacos' 55 Greek players and employees, to visionary and friend, Peter Nomikos’ NGO ‘Greece Debt Free’ (GDF). Marinakis stated: "Through this act, I wanted to set an example so as to show that we should all support our country during these difficult times. Greeks are patriots and it is high time we show the world what we can do when working as one. Greece can and must go forth".[30] At the time of the donation, each Greek employee corresponded to approximately €24,800 of Greek national debt, but this amount could be redeemed with a price of around €3,000.[31]

On October 2013, Olympiacos FC and UNICEF launched a partnership to immunize children in countries that urgently need support. Olympiacos FC will help raise awareness and funds for the Campaign, featuring UNICEF’s logo on the players’ jerseys and with the target to raise EUR 2 million over the next two years. This could result in saving the lives of 50,000 children.[copyright violation?][32]

Marinakis is also in the process of creating the Olympiacos charity foundation.[33]

Controversy[edit]

Politics[edit]

In 2012, with the appearance of Golden Dawn in the political spectrum, Evangelos Marinakis was related with and accused for its financial support.[34] Later, during the municipal elections, he rejected these accusations stating "I condemn Golden Dawn's criminal activity".[35]

Sports[edit]

On 21 February 2011, Olympiacos beat Panathinaikos 2–1. After the game, Marinakis had an wrangle with Panathinaikos' player Djibril Cissé. Cissé was beaten by Olympiacos' fans and stated that he was going to appeal to the UEFA.

In June 2011, Marinakis was among 68 suspects named by Greek judicial authorities, in the Koriopolis match-fixing investigation, launched after UEFA gave Greek authorities a report citing irregular betting patterns, mostly involving Greek Cup and second division games in 2009 and 2010.[36] He is accused of participating in a match-fixing criminal network[37] with links with seven countries.[38] At the time, UEFA officials said no action was presently being considered against Olympiacos regarding its participation in the Champions League in the following season, because evidence in the Greek investigation cast no doubt over its 2010-11 league victory.[39] Marinakis was charged with complicity to commit acts of bribery and match manipulation.[40][41] According to the prosecutor, Marinakis was helped by the President of the Greek Football Association, Giorgos Sarris, to choose specific referees to oversee key games.[42] He has repeatedly denied all charges:[43] "These allegations have nothing to do with me and have no effect on me whatsoever," Marinakis said. "There is not one shred of evidence against me."[44] The investigation gathered pace in 2014, after prosecutor Aristidis Koreas was given the go-ahead by a council of judges[45] to make use of secretly recorded phone conversations[46] that point to the involvement of various sports officials, including Evangelos Marinakis. According to Koreas, "the president of a Superleague club and close associates approached and tried to use policemen, judges, politicians and other powerful figures for their own ends as part of the planning and organization of their team".[45] On October 3, 2014, Aristidis Koreas was replaced from the case by an unexpected decision of the first instance court prosecutor's office.[47]

In a separate case launched in July 2011, Marinakis is accused of instigation and facilitating acts of violence.[48] According to telephone recordings, Marinakis, along with the president of second-division club Ilioupoli, Giorgos Tsakogiannis and others, cooperated so that a group of hardcore Olympiacos fans would travel on March 13, 2011 to a third division match and provoke riots to bring about a penalty. The prosecutor’s report says that “Tsakogiannis informed [Ioannis] Papadopoulos that he had made arrangements and Evangelos Marinakis was aware of the plan for Olympiacos fans to cause riots”.[48]

In May 2013, Marinakis was accused by Thanasis Yiachos, the referee who oversaw the football cup final between Olympiacos and Asteras Tripolis, of entering his locker room at halftime[49] against soccer regulations to complain about the decisions taken. Marinakis stated that he went to the referee’s locker room at halftime only to wish match officials “good luck”. Olympiacos went on and won the match 3-1, after a tense 1-1 at halftime.[50] A probe was launched into this matter by sports prosecutor Aristidis Koreas that subsequently cleared Marinakis of all charges.[51]

In April 2015, 2015 Greek football scandal emerged, with Marinakis being involved.

Evangelos Marinakis was questioned on 18 June 2015 and he was released on a €200,000 bail. He is also forced to stop being involved in any football activity, as well as he must report to a police station every 15 days.[52][53]

References[edit]

  1. ^ "Ο Βαγγέλης Μαρινάκης ταράζει τα νερά της ναυτιλίας". enikos.gr. Retrieved 22 November 2013. 
  2. ^ a b Reuters business profile
  3. ^ "Crude Carriers Shareholder Approve Merger Deal With Capital Product Partners". RTT News. 9-20-2011. Retrieved 12-19-2012
  4. ^ "Evangelos Marinakis, the CEO of Crude Carriers, Discusses the Strengths of the Company. Interview with Barry Parker of BDP1" (PDF). Capital Link Shipping. 2010-03-23. Retrieved 2012-12-19. 
  5. ^ "Marinakis makes way". Tradewinds. 18 December 2014. Retrieved 23 December 2014. 
  6. ^ "CPLP Board of Directors Biographies". Retrieved 20 December 2012. 
  7. ^ Whittaker, Gillian (13 March 2015). "Marinakis. The Man behind the Legend" (Spring 2015). TradeWinds tw+. The Quarterly Tradewinds Publication. Retrieved 20 May 2015. 
  8. ^ "ONE HUNDRED 2013 MOST INFLUENTIAL PEOPLE IN THE SHIPPING INDUSTRY. NO 73. Evangelos Marinakis, Capital". Lloyd's List. 12 December 2013. Retrieved 17 December 2013. 
  9. ^ "Power 2012: Top 50 Owners and Operators (2 to 50)". TradeWinds. 31 May 2012. Retrieved 20 May 2015. 
  10. ^ date 11.06.10 "(Power 100) 75. "EvangelosMarinakis Capital Maritime/ Crude Carriers, Athens". TradeWinds. 11 June 2010. Retrieved 20 May 2015. 
  11. ^ "Greek Shipping Awards 2014". All About Shipping. Retrieved 20 May 2015. 
  12. ^ "Lloyd's List Greek Shipping Awards 2010. The Winners. Newsmaker of the Year. Winner: Evangelos Marinakis". Lloyd's List. Retrieved 20 December 2012. 
  13. ^ "Marinakis Voted "Greek Shipping Newsmaker Of The Year" At The 2014 Lloyd's List Greek Shipping Awards". Shipping Herald. The Maritime Portal. 10 December 2014. Retrieved 20 May 2015. 
  14. ^ "Capital Ship Management Corp voted tanker company of the year". Intertanko. Retrieved 20 May 2015. 
  15. ^ a b "Shipping tycoon makes rare political foray in Greek port town". Reuters. May 23, 2014. 
  16. ^ "Moralis : “Our problem is that shipowners left from Piraeus”". 1 May 2014. Retrieved 23 June 2015. 
  17. ^ "Marinakis. The man behind The Legend". Tradewinds. 13.03.15. Retrieved 23 June 2015.  Check date values in: |date= (help)
  18. ^ According to the Olympiacos website official biography
  19. ^ "Olympiacos F.C.". Wikipedia. Retrieved 22 August 2013. 
  20. ^ "Evangelos Marinakis Donation to Japanese People". YouTube. Retrieved 20 December 2012. 
  21. ^ "Manolis; Olympiacos’s latest addition!". Olympiacos. 24 May 2012. Retrieved 27 September 2013. 
  22. ^ "Close to the children in need!". Olympiacos. 3 Jan 2013. Retrieved 27 September 2013. 
  23. ^ "Thank you letter from the Limassol General Hospital". Olympiacos. 31 May 2011. Retrieved 27 September 2013. 
  24. ^ "Give Blood, Save Lives". Olympiacos. 10 Mar 2012. Retrieved 27 September 2013. 
  25. ^ "A significant contribution to the Steven Gerrard Foundation!". Olympiacos. 4 Aug 2013. Retrieved 27 September 2013. 
  26. ^ "Social Responsibility". Capital Ship Management. Retrieved 27 September 2013. 
  27. ^ Catalogue (10 February 2010). Auction III: 43 Works of Art from the private collection of Evangelos Marinakis (ΙΙΙ Δημοπρασία: 43 Έργα τέχνης από την ιδιωτική συλλογή του Ευάγγελου Μαρινάκη) (PDF). Athens: Together for Children (Μαζί για το Παιδί). 
  28. ^ Biography. "President: Evangelos Marinakis". Olympiacos.org. Retrieved 27 September 2013. 
  29. ^ Tomaras, Dimitris. "Olympiacos to the rescue of Cephalonia". gazetta.gr. Retrieved 2 May 2014. 
  30. ^ "OLYMPIACOS helps relieve Greece of its debt". Olympiacos. 26 Jun 2012. Retrieved 27 September 2013. 
  31. ^ "Olympiacos Football Club joins GDF!". Greecedebtfree.org. Retrieved 27 September 2013. 
  32. ^ "Olympiacos FC and UNICEF join forces to immunize children". Olympiacos FC. Retrieved 29 November 2013. 
  33. ^ "A significant contribution to the Steven Gerrard Foundation!". 4 Aug 2013. Olympiacos.org. Retrieved 27 September 2013. 
  34. ^ "Golden Dawn’s consolidation and its reluctant prosecution". roarmag.org. 
  35. ^ "Piraeus mayor accuses opponent of deal with Golden Dawn". enetenglish.gr. 
  36. ^ See also: "Soccer-Greek Super League chief added to scandal corruption list". Reuters, UK Edition. Retrieved 10 January 2013. 
  37. ^ "Chris Christie's Quest to Legalize Sports Gambling Could Destroy Professional Athletics". New Republic. Mark Varga. October 4, 2014. 
  38. ^ "Match-fixing suspects could number more than 800". Ekathimerini. June 26, 2011. 
  39. ^ "Vangelis Marinakis among 68 suspects". ESPN soccer. June 24, 2011. 
  40. ^ "The alleged corruption of Evangelos Marinakis and the press that refuses to report on it". 
  41. ^ "Europe’s Football Battlefield". International Policy Digest. September 26, 2014. Retrieved October 10, 2014. 
  42. ^ "Marinakis denies fixing". ThePressProject. Retrieved 20 December 2012. 
  43. ^ "Marinakis denies fixing". Tradewinds. 27 June 2011. Retrieved 20 December 2012. 
  44. ^ "Vangelis Marinakis among 68 suspects". ESPN Soccer from Associated Press. 2011-06-24. Retrieved 2012-02-22. 
  45. ^ a b "Probe into Greek soccer corruption gathers pace". Ekathimerini. July 8, 2014. 
  46. ^ "Dozens named in Greece football 'scandal'". BBC News. June 25, 2011. 
  47. ^ "Officials probing Greek soccer corruption removed from cases". Ekathimerini. October 3, 2014. 
  48. ^ a b "Vangelis Marinakis in fresh trouble". Ekathimerini. July 11, 2011. 
  49. ^ "Cup Final referee says Olympiacos chairman entered his locker room at halftime". Ekathimerini. May 30, 2013. 
  50. ^ "The alleged corruption of Evangelos Marinakis and the press that refuses to report on it". The Press Project. 
  51. ^ "Broken promises – the sad tale of Greek football". Epoch Times. October 2, 2014. 
  52. ^ "Olympiakos owner Vangelis Marinakis banned from football over corruption allegations" (in Enlish). skysports.com. 18 June 2015. 
  53. ^ "Owner of Greek champions banned over corruption probe" (in Enlish). eurosport.com. 18 June 2015. 

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