AC Omonia participant of 2001–02 Cypriot First Division
Revival (2000s)
After a disappointing eight seasons, the 2000s decade began with a trophy. Omonia celebrated its 18th Cypriot league championship title in 2001. Now captained by Costas Kaiafas, Omonia would win its 19th Cypriot League Championship again in 2003. Since 2003, however, the team would stumble and be without a title for the next several years. After numerous seasons of poor signings and underachieving, Omonia's reigns would be taken over by new chairman and team president, Miltiadis Neophytou in 2008.