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Photo: Basketnews.lt/D.Lukšta
Photo Basketnews.lt/D.Lukšta
The Panathinaikos Club of Athens, which has been constantly talking about the possible legacy of the Euroleague, is taking concrete steps.
Panathinaikos has sent an official letter to the Euroleague stating that the club is committed to transferring the license and shares of Club A.
The Panathinaikos Club of Athens, which has been constantly talking about the possible legacy of the Euroleague, is taking concrete steps.
Panathinaikos has sent an official letter to the Euroleague stating that the club is committed to transferring the license and shares of Club A.
“For the past two months, Panathinaikos has contacted you, both privately and openly, Mr Bertomeu, stating that he is determined to terminate his contract with the Euroleague.
Such a report would have seriously undermined Euroleague negotiations with potential sponsors. Not only did we not send an official letter about our decision, but we did not put pressure on the Euroleague either.
Still, time has passed and we have received no response from you regarding our decision. Due to the fact that the presence of Panathinaikos in this tournament did not bring any benefits to our club, and at the same time there was no increase in income, Panathinaikos officially declares its intention to transfer the club’s license and shares.
We are formally asking Euroleague leaders to take all necessary measures without delay, “Manos Papadopoulos, president of Panathinaikos, said in a letter.
At a press conference the day before yesterday, Panathinaikos owner Dimitris Giannakopoulos publicly stated that he was determined to sell the club.
It was reported that a buyer wishing to buy the equipment would have to deposit 25 million despite Giannakopoulos valuing his team at € 100 million. euros Until a buyer is found, Manos Papadopoulos and Takis Triantopoulos take over the club.
At the same press conference, Giannakopoulos spared no criticism of the Euroleague and expressed support for the FIBA Champions League.
“I would like Panathinaikos to play in the Champions League.” Such a decision must be made by consensus of all, including supporters.
The Euroleague finally has a competitor. The Champions League is an organization that will end the Euroleague. Two years ago, we realized that they weren’t ready. Now they are, ”said Giannakopoulos.
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