THESSALONIKI, Greece (AP) -Theo Zagorakis, who captained Greece to victory at the European Championships in 2004, announced his retirement Friday.
"I feel the time is right to withdraw from active participation," the 35-year-old PAOK Thessaloniki midfielder said in a statement posted on the club's Web site.
A former Leicester City and Bologna player, Zagorakis returned to Greece in 2005 to rejoin PAOK. He retired from the national team last October.
Zagorakis is currently leading a bid to gather investment to take over the financially troubled Thessaloniki team.
