Just seconds ago Panathinaikos BC president Pavlos Giannakospoulos and his brother vice-president Thanassis Giannakopoulos announced the renewal of Zeljko Obradovic’ contract with the Greek champions Panathinaikos for the next two years.

There was much speculation for the future of the Serb coach with interest from several clubs such as Efes Pilsen but after Obradovic was promised that Panathinaikos will keep most of its star players he agreed to stay at least until the summer of 2012. More info will be available later.