BREAKING: Panathinaikos is out for sale for 25 million euros

Dimitris Giannakopoulos announced that Panathinaikos BC is out for sale.

Photo: Sportime

In his press conference that took place today, the owner of Panathinaikos, Dimitris Giannakopoulos, announced that the club is out for sale looking for a new owner who will take care of all Panathinaikos business and run the club.

The club will be sold for 25 million euros, which is considered to be a low price for a club that has 400 million euros worth.

Giannakopoulos also mentioned that he is giving up the management of Panathinaikos to Manos Papadopoulos and Takis Triantopoulos.

Among other things, Giannakopoulos said he would like to see the club competing in FIBA’s BCL, an organization that “unlike the Euroleague, is following the NBA standards and focusing on basketball”.