Evangelos Marinakis

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Evangelos Marinakis
Born (1967-07-30) 30 July 1967 (age 49)
Piraeus, Greece
Residence Athens, Greece
London, England
Nationality Greek
Occupation Tycoon
Net worth Increase US$650 million (2015)[1]
Board member of Chairman of Capital Maritime & Trading Corp.
Major Shareholder of Capital Product Partners L.P.
Owner of Alter Ego Media SA[2]
Owner of Olympiacos F.C.
Owner of Nottingham Forest F.C.
Councillor of Piraeus
Spouse(s) Athanasia Marinakis
Children 3

Evangelos Marinakis (Greek: Ευάγγελος[3] (Βαγγέλης) Μαρινάκης, born 30 July 1967) is a Greek shipowner and member of the Piraeus city council. He is the owner of the football clubs Olympiacos in Greece[3] and Nottingham Forest in England.

Early life[edit]

Evangelos Marinakis was born in Piraeus, Greece on 30 July 1967. He is the only son of Miltiadis Marinakis and Irini Marinaki (née Karakatsani). His father, Miltiadis Marinakis, was a shipowner, a Member of the Greek Parliament[4] and, at times, a 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.[5]

Career[edit]

Shipping[edit]

Marinakis is the founder and chairman of Capital Maritime & Trading Corp.[6] From March 2010 until September 2011, he also served as Chairman and Chief Executive Officer of NYSE-listed Crude Carriers Corp.[7] Between March 2007 and December 2014[8] he was chairman of Capital Product Partners L.P. (NASDAQ:CPLP). From 1992 to 2005, Marinakis was the commercial manager of Capital Ship Management Corp. and oversaw the businesses of the group of companies that now form Capital Maritime. For the past decades, he has also been active in several other family-controlled businesses all related to the shipping industry.[9]

Awards & distinctions[edit]

Having "grown his shipping empire from the small company he took over from his father, which controlled seven bulk carriers",[10] he is regarded as one of the most important and influential shipping personalities worldwide. He was included in the Lloyd's List "One Hundred Most Influential People in the Shipping Industry" list, ranking 61st in 2016,[11] ranking 65th in 2015,[12] 67th in 2014, 73rd in 2013[13] and 84th in 2012. He was also included in the TradeWinds "Power 100" list of the ‘top shipowners and operators", ranking 31st in 2012[14] and 75th in 2010.[15] In 2014[16] and 2010[17] he was awarded the "Newsmaker of the Year" award at the annual Lloyd's List "Greek Shipping Awards",[18] while in 2009 his company, Capital Ship Management Corp. was awarded the "Tanker Company of the Year" award.[19] In 2016, he was awarded the first ever “Xenakoudis Excellence in Shipping Award” by the International Registries, Inc./The Marshall Islands Registry. [20]

Political career[edit]

In May 2014, Marinakis was elected first member of the Piraeus city council with the Piraeus Winner independent ticket,[21] that he co-founded with Yannis Moralis, vice-president of Olympiacos F.C..[22] Among their pledges were the preservation of the public nature of Piraeus Port Authority and the development of Piraeus as Europe’s largest cruise ship destination and home port.[23] During the elections, his political opponent, Vassilis Michaloliakos, claimed Marinakis was related with the far right political party Golden Dawn and accused him for its financial support.[24] Marinakis rejected these accusations stating "I condemn Golden Dawn's criminal activity".[25]

After the election, 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".[22] Marinakis responded, in a Tradewinds interview, that he can see no reason why someone with a strong record in business cannot get into politics, "calling that stance "Palaiolithic logic". "I am not afraid to be involved in politics, because I have no business with the Greek state" he said. Since the elections, he undertook the construction of squares, parks, children’s playgrounds and sports facilities, at his own cost, as the municipality of Piraeus lacks the necessary funds due to the economic crisis.[26]

Sports[edit]

Since mid-2010 Marinakis has owned Piraeus' hometown team Olympiacos, and serves as its President.[27] 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 seven consecutive seasons from 2010/11 to 2016/17, and the National Cup for the 2011/12, 2012/13 and 2014/15 seasons.

In May 2017, it was announced that Marinakis had completed a transaction to become the majority shareholder in English Championship club and former double European Cup winners Nottingham Forest.[28]

The Nottingham Post noted that Marinakis’ acquisition of the club heralds “an exciting future that gives genuine reason for optimism”. Meanwhile, manager Mark Warburton commented that he expects Marinakis and his team to be ambitious for Nottingham Forest. “..they are aware of the club's stature and they are good football people,” Warburton was quoted as saying. [29][30]

Media[edit]

In September 2016, Marinakis, through his company Alter Ego Media S.A., won one of four national television licenses auctioned in Greece after spending EUR 73.9m ($82.8m) in a highly unusual competitive bidding process.[31]

Philanthropy[edit]

He has a role as a philanthropist, both privately and as president of Olympiacos F.C. He personally supports the operation of the museum dedicated to the Greek author Nikos Kazantzakis in the island of Crete with €80,000 yearly for an initial period of 10 years from July 2014.[32] In September 2014, he privately financed commemorative celebrations for the 200 years since the foundation of the Filiki Etairia and the creation of a bust of Alexander Ypsilantis in Athens.[33] He has also privately supported throughout the years various Greek children charities, including Argo,[34] and 'Together for Children', a union of ten Greek NGOs.[35]

During his presidency, Olympiacos FC, finances the daily meals of a thousand people weekly, through the benevolent fund of "Genesios Theotokos" parish in the Athens suburb of Nikaia[36] and the Syros Holy Church.[37] In February 2014, he donated €500,000 for school repairs in the Greek island of Cephalonia, which was hit by destructive earthquakes.[38] In October 2013, Olympiacos and UNICEF launched a partnership to immunize children in developing countries, featuring UNICEF’s logo on the players’ jerseys, with the target to raise €2 million in two years.[39] In 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 Peter Nomikos’ NGO ‘Greece Debt Free’ (GDF).[40] In the past, Olympiacos has supported the Japan earthquake relief fund,[41] and acted in support to the non-profit environmental organization ‘Arcturos’, the pediatric clinics of ‘St Sofia’ hospital in Athens and the ‘General Hospital’ in Limassol, various blood collection campaigns, Greek and international children’s charities, including 'Elpida', the ‘Steven Gerrard Foundation’,[42] the ‘Hatzikyriakos Foundation’. Marinakis is also in the process of creating the Olympiacos charity foundation.[43]

Controversy[edit]

In 2015, the Public Prosecutor[44] and the Council of Judges[45] acquitted Marinakis in relation to the Koriopolis match-fixing investigation, that begun in 2011, that was launched after UEFA gave Greek authorities a report citing irregular betting patterns, mostly involving Greek Cup and second division games in 2009 and 2010.[46] He was accused of participating in a match-fixing criminal network[47] with links with seven countries.[48] 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.[49] Marinakis was charged with complicity to commit acts of bribery and match manipulation,[50][51] of instigation and facilitating acts of violence.[52] 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 13 March 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".[52] Marinakis was acquitted from all charges by the Prosecutor, Panagiotis Poulios,[53] and the Council of Judges.[54]

In 2014, Marinakis was acquitted by the Three Members Court of First Instance relatively to the case of entering the referee's (Thanassis Yiachos's) locker room at halftime[55] during the football cup final between Olympiacos and Asteras Tripolis, against football 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.[56] In 2015 Marinakis was also acquitted by the Three Members Court of Appeals for the same case.[57]

Another investigation which led to the 2015 Greek football scandal, started in 2014 after prosecutor Aristidis Koreas was given the go-ahead by a council of judges[58] to make use of secretly recorded phone conversations[59] that point to the involvement of various sports officials, including Evangelos Marinakis. According to Koreas, "the president of Olympiakos 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 establishment of a criminal organization".[58] 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.[60] He has repeatedly denied all charges:[61] "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."[62] On 3 October 2014, Aristidis Koreas, though he was replaced as athletic prosecutor, he remained on the case.[63] Evangelos Marinakis was questioned on 18 June 2015 and he was released on a €200,000 bail. He was also forced to stop being involved in any football activity, as well as he must report to a police station every 15 days.[64][65]

References[edit]

  1. ^ Superyachtfan. "Luxury Yacht Amore Mio II - Evangelos Marinakis". Superyachtfan.com. Retrieved 19 May 2017. 
  2. ^ "On the way for the television licenses" – Independent Balkan News Agency
  3. ^ a b "Evangelos Marinakis | Olympiacos.org / Official Website of Olympiacos Piraeus". Olympiacos.org. Retrieved 19 May 2017. 
  4. ^ "Composition des législatures antérieures". www.hellenicparliament.gr. Retrieved 29 September 2016. 
  5. ^ "Ο Βαγγέλης Μαρινάκης ταράζει τα νερά της ναυτιλίας". enikos.gr. Retrieved 22 November 2013. 
  6. ^ "Evangelos Marinakis". Olympiacos.org | Official Website of Olympiacos Piraeus. Retrieved 11 January 2016. 
  7. ^ "Evangelos Marinakis, the CEO of Crude Carriers, Discusses the Strengths of the Company. Interview with Barry Parker of BDP1" (PDF). Capital Link Shipping. 23 March 2010. Retrieved 19 December 2012. 
  8. ^ "Marinakis makes way". Tradewinds. 18 December 2014. Retrieved 23 December 2014. 
  9. ^ "Capital Product Partners L.P. - Annual Report for Foreign Private Issuers". www.capitalpplp.com. Retrieved 11 January 2016. 
  10. ^ Whittaker, Gillian (13 March 2015). "Marinakis. The Man behind the Legend" (Spring 2015). TradeWinds tw+. The Quarterly Tradewinds Publication. Retrieved 20 May 2015. 
  11. ^ "61. Evangelos Marinakis, Capital Maritime & Trading". 
  12. ^ "Lloyd's List - Top 100". www.lloydslist.com. Retrieved 17 December 2015. 
  13. ^ "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. 
  14. ^ "Power 2012: Top 50 Owners and Operators (2 to 50)". TradeWinds. 31 May 2012. Retrieved 20 May 2015. 
  15. ^ "(Power 100) 75. "EvangelosMarinakis Capital Maritime/ Crude Carriers, Athens". TradeWinds. 11 June 2010. Retrieved 20 May 2015. 
  16. ^ "Greek Shipping Awards 2014". All About Shipping. Retrieved 20 May 2015. 
  17. ^ "Lloyd's List Greek Shipping Awards 2010. The Winners. Newsmaker of the Year. Winner: Evangelos Marinakis". Lloyd's List. Retrieved 20 December 2012. 
  18. ^ "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. 
  19. ^ "Capital Ship Management Corp voted tanker company of the year". Intertanko. Retrieved 20 May 2015. 
  20. ^ "Marinakis Wins Award from Marshall Islands Registry". The Maritime Executive. Retrieved 28 March 2017. 
  21. ^ "LOCAL COUNCILLOR - EVANGELOS M. MARINAKIS". MUNICIPALITY OF PIRAEUS OFFICIAL WEBSITE. 
  22. ^ a b "Shipping tycoon makes rare political foray in Greek port town". Reuters. 23 May 2014. 
  23. ^ "Moralis : "Our problem is that shipowners left from Piraeus"". 1 May 2014. Retrieved 23 June 2015. 
  24. ^ "Golden Dawn's consolidation and its reluctant prosecution". roarmag.org. 
  25. ^ "Piraeus mayor accuses opponent of deal with Golden Dawn". enetenglish.gr. 
  26. ^ "Marinakis. The man behind The Legend". Tradewinds. 13 March 2015. Retrieved 23 June 2015. 
  27. ^ According to the Olympiacos website official biography
  28. ^ NFFC. "Nottingham Forest Football Club have released the following statement regarding the take-over by Mr Evangelos M. Marinakis". Retrieved 18 May 2017. 
  29. ^ "Fine lines mean so much as Evangelos Marinakis plans new era". Nottingham Post. 17 May 2017. Retrieved 18 May 2017. 
  30. ^ Ltd, Vitalnetwork. "Warburton Expecting Aggressive Marinakis Ambitions | VitalFootball.co.uk". VitalFootball.co.uk. Retrieved 18 May 2017. 
  31. ^ "Marinakis wins Greek TV licence". Tradewinds News. Retrieved 2 September 2016. 
  32. ^ "Βαγγέλης Μαρινάκης: Το Μουσείο "Νίκος Καζαντζάκης" δεν θα κλείσει". eΚρήτη. 17 July 2014. Retrieved 11 January 2016. 
  33. ^ "Τα αποκαλυπτήρια προτομής του Υψηλάντη έκανε ο Βαγγέλης Μαρινάκης". www.protothema.gr. Retrieved 11 January 2016. 
  34. ^ "Ολυμπιακός: Η "Αργώ" βράβευσε Μαρινάκη (photos)". OnSports.gr. Retrieved 11 January 2016. 
  35. ^ "ΔΗΜΟΠΡΑΣΙΑ ΜΑΖΙ ΓΙΑ ΤΟ ΠΑΙΔΙ 43 έργα τέχνης από την ιδιωτική συλλογή του Ευάγγελου Μαρινάκη". docplayer.gr. Retrieved 11 January 2016. 
  36. ^ "Το κοινωνικό πρόσωπο της ΠΑΕ Ολυμπιακός". www.e-typos.com. Retrieved 11 January 2016. 
  37. ^ "Το κοινωνικό πρόσωπο της ΠΑΕ Ολυμπιακός". www.e-typos.com. Retrieved 10 February 2016. 
  38. ^ Tomaras, Dimitris. "Olympiacos to the rescue of Cephalonia". gazetta.gr. Retrieved 2 May 2014. 
  39. ^ "UEFA Champions League - News – UEFA.com". UEFA.com. Retrieved 11 January 2016. 
  40. ^ "New Project to Save Greece: 'For a Donation of 3,000 Euros, Every Greek Can Buy Freedom'". Spiegel Online. 29 June 2012. Retrieved 11 January 2016. 
  41. ^ "Evangelos Marinakis Donation to Japanese People". YouTube. Retrieved 20 December 2012. 
  42. ^ "The Steven Gerrard Foundation (SGF) helping disadvantaged children.". www.stevengerrardfoundation.org. Retrieved 11 January 2016. 
  43. ^ Biography. "President: Evangelos Marinakis". Olympiacos.org. Retrieved 27 September 2013. 
  44. ^ "AIPS Web Site - Full and complete acquittal for Olympiacos president Marinakis". www.aipsmedia.com. Retrieved 11 January 2016. 
  45. ^ "Full and complete acquittal for Olympiacos' Marinakis". en.protothema.gr. Retrieved 11 January 2016. 
  46. ^ See also: "Soccer-Greek Super League chief added to scandal corruption list". Reuters, UK Edition. Retrieved 10 January 2013. 
  47. ^ "Chris Christie's Quest to Legalize Sports Gambling Could Destroy Professional Athletics". New Republic. Mark Varga. 4 October 2014. 
  48. ^ "Match-fixing suspects could number more than 800". Ekathimerini. 26 June 2011. 
  49. ^ "Vangelis Marinakis among 68 suspects". ESPN soccer. 24 June 2011. 
  50. ^ "The alleged corruption of Evangelos Marinakis and the press that refuses to report on it". 
  51. ^ "Europe's Football Battlefield". International Policy Digest. 26 September 2014. Retrieved 10 October 2014. 
  52. ^ a b "Vangelis Marinakis in fresh trouble". Ekathimerini. 11 July 2011. 
  53. ^ "Η απαλλαγή του Βαγγέλη Μαρινάκη". Newpost.gr. Retrieved 11 January 2016. 
  54. ^ "Απαλλαγή Μαρινάκη σε δίκη 84 για τα Στημένα". Εθνοσπόρ. 31 July 2015. 
  55. ^ "Cup Final referee says Olympiacos chairman entered his locker room at halftime". Ekathimerini. 30 May 2013. 
  56. ^ "The alleged corruption of Evangelos Marinakis and the press that refuses to report on it". The Press Project. 
  57. ^ "Broken promises – the sad tale of Greek football". Epoch Times. 2 October 2014. 
  58. ^ a b "Probe into Greek soccer corruption gathers pace". Ekathimerini. 8 July 2014. 
  59. ^ "Dozens named in Greece football 'scandal'". BBC News. 25 June 2011. 
  60. ^ "Marinakis denies fixing". ThePressProject. Retrieved 20 December 2012. 
  61. ^ "Marinakis denies fixing". Tradewinds. 27 June 2011. Retrieved 20 December 2012. 
  62. ^ "Vangelis Marinakis among 68 suspects". ESPN Soccer from Associated Press. 24 June 2011. Retrieved 22 February 2012. 
  63. ^ "Officials probing Greek soccer corruption removed from cases". Ekathimerini. 3 October 2014. 
  64. ^ "Olympiakos owner Vangelis Marinakis banned from football over corruption allegations". skysports.com. 18 June 2015. 
  65. ^ "Owner of Greek champions banned over corruption probe". eurosport.com. 18 June 2015.