Posts: 5,110
Threads: 590
Joined: Dec 2006
Reputation:
0
Supports: Panathinaikos
After about 24 years at the helms of Panathinaikos BC, the Giannakopoulos family have decided to call it a day and put the team up for sale.
During these 24 years the family has spent 350.000.000 euros on the team, winning 12 Greek A1 championships, 8 Greek Cups, 6 Euroleagues, 1 Intercontinental Championship and two Triple Crowns but most important of all not only putting Panathinaikos on the map of European basketball but turning them into one of its legends.
At the age of 82 Pavlos Giannakopoulos has repeatedly stated, after winning the 6th Euroleague title, that he wants to leave the team to get some rest and is looking for a buyer.
I am sure that the family won't just hand Panathinaikos BC out to anyone who knocks on their door but will carefully consider the future of Panathinaikos and the capabilities of the candidate buyers, but still people like the Giannakopoulos family come across very rarely and I don't think any new buyer will be able or willing to sustain a team with a 30.000.000 yearly budget and getting only about 10.000.000 per year in income.
At best with the new ownership Panathinaikos will become a "Maccabi" or similar level team, budget wise. Nevertheless the key to the future is keeping Zeljko Obradovic, who can do the same good job, even with less than 12-15.000.000 if he has to, as he had proven with Partizan and Joventut.
Another key element will be turning and investing more into youth academies and signing young promising, but ready to play, Greek players from A1 before their value goes up. I believe this process has already began and will continue steadily (Mantzaris almost done deal).
We must forget sustaining entire Euroleague clubs (like Partizan) purchasing players every year spending 800k-1m every summer and not seeing a healthy return of the investment.
I just hope that the family makes one final "present" to the team before leaving, especially if the NBA lock out occurs, by signing an NBA star this summer.
Respect and thanks for everything:
Alvertis, Bodiroga, Jasikevicius, Radja, Wilkins, Vrankovic, Fotsis, Rebraca, Kattash, Gentile, Koch, Middleton, Kutluay, Rogers, Papadopoulos, Becirovic, Tomasevic, Siskauskas, Pekovic, Lakovic, Vujanic, Chatzivrettas, Maljkovic, Spanoulis and many more to follow in the near future.
Posts: 2,210
Threads: 91
Joined: Apr 2009
Reputation:
0
Supports: Partizan
Too bad that they will sell club.I hope to see new owners with same strategy like these years.
Posts: 1,246
Threads: 33
Joined: May 2010
Reputation:
0
Supports: PAOK Salonika
Wow, I didn't know the old geezer was THAT old 
I guess now it's Oly's time to dominate and start playing 'mad billionaire' by buying every most expensive player conceivable to make a mighty powerful team each year, both in Europe and Greece.
Posts: 5,110
Threads: 590
Joined: Dec 2006
Reputation:
0
Supports: Panathinaikos
Panathinaikos assigned its sale to an American firm, GSP, which has been involved in ownership change of clubs like Phoenix Suns, Man Utd and NY Yankees.
Respect and thanks for everything:
Alvertis, Bodiroga, Jasikevicius, Radja, Wilkins, Vrankovic, Fotsis, Rebraca, Kattash, Gentile, Koch, Middleton, Kutluay, Rogers, Papadopoulos, Becirovic, Tomasevic, Siskauskas, Pekovic, Lakovic, Vujanic, Chatzivrettas, Maljkovic, Spanoulis and many more to follow in the near future.
Posts: 2,210
Threads: 91
Joined: Apr 2009
Reputation:
0
Supports: Partizan
Quote:Panathinaikos assigned its sale to an American firm, GSP, which has been involved in ownership change of clubs like Phoenix Suns, Man Utd and NY Yankees.
Whether they invest in club?
Posts: 5,110
Threads: 590
Joined: Dec 2006
Reputation:
0
Supports: Panathinaikos
Quote:Whether they invest in club?
No, GSP has the job of finding someone to buy and invest in Panathinaikos BC. In exchange they7 will get 30% commission on the sale price.
As I predicted, things will get worse. Even if someone wants to buy and invest, they will not be willing to spend 25 million euros per year with an income of 7 millions.
Respect and thanks for everything:
Alvertis, Bodiroga, Jasikevicius, Radja, Wilkins, Vrankovic, Fotsis, Rebraca, Kattash, Gentile, Koch, Middleton, Kutluay, Rogers, Papadopoulos, Becirovic, Tomasevic, Siskauskas, Pekovic, Lakovic, Vujanic, Chatzivrettas, Maljkovic, Spanoulis and many more to follow in the near future.
Posts: 1,528
Threads: 67
Joined: Jan 2011
Reputation:
0
Supports: Panathinaikos
Jun 27, 2011, 10:50 am
(This post was last modified: Feb 12, 2013, 10:10 pm by TeoTheGreek13.)
There are three candidates for buying PAO BC until now. Two of them are Greeks. All of them have already make an offer for the club. That's all the information we have 'till now.
Stay tuned...!!! 
Posts: 2,210
Threads: 91
Joined: Apr 2009
Reputation:
0
Supports: Partizan
Quote:There are three candidates for buying PAO BC until now. Two of them are Greeks. All of them have already make an offer for the club. That's all the information we have 'till now.
Stay tuned...!!!
Can you post a link?
Posts: 5,110
Threads: 590
Joined: Dec 2006
Reputation:
0
Supports: Panathinaikos
Respect and thanks for everything:
Alvertis, Bodiroga, Jasikevicius, Radja, Wilkins, Vrankovic, Fotsis, Rebraca, Kattash, Gentile, Koch, Middleton, Kutluay, Rogers, Papadopoulos, Becirovic, Tomasevic, Siskauskas, Pekovic, Lakovic, Vujanic, Chatzivrettas, Maljkovic, Spanoulis and many more to follow in the near future.
Posts: 121
Threads: 0
Joined: Sep 2011
Reputation:
0
Supports: Hellas
No matter who buys out PAO, their future is bright and stable. Innuendo and feign by people, doesn't hamper anything. They'll have their 7th star within 3 years. A bold prediction on my behalf!!
Posts: 1,528
Threads: 67
Joined: Jan 2011
Reputation:
0
Supports: Panathinaikos
Quote:No matter who buys out PAO, their future is bright and stable. Innuendo and feign by people, doesn't hamper anything. They'll have their 7th star within 3 years. A bold prediction on my behalf!!
The thing is, will anyone buy PAO?! 
In order to buy a basketball team(even if that team is PAO) you have to love the sport and the club because thereis no profits. Insead, you lose a lot of money... 
I'm optimistic though, that Giannakopoulos brothers will never leave the team without to find first the successor! 
Posts: 5,110
Threads: 590
Joined: Dec 2006
Reputation:
0
Supports: Panathinaikos
The Saudi prince who is rumoured to buy the FC team, has a plan for the BC team too...
Anyway, PAO has 7m income yearly and has now signed 3 yrs deal with OPAP (which is big deal in Greece) and is #1 in TV rights in Greece. So whatever happens, PAO will be there... maybe not as a protagonist, but in and around...
Respect and thanks for everything:
Alvertis, Bodiroga, Jasikevicius, Radja, Wilkins, Vrankovic, Fotsis, Rebraca, Kattash, Gentile, Koch, Middleton, Kutluay, Rogers, Papadopoulos, Becirovic, Tomasevic, Siskauskas, Pekovic, Lakovic, Vujanic, Chatzivrettas, Maljkovic, Spanoulis and many more to follow in the near future.
Posts: 1,528
Threads: 67
Joined: Jan 2011
Reputation:
0
Supports: Panathinaikos
Quote:The Saudi prince who is rumoured to buy the FC team, has a plan for the BC team too...
Anyway, PAO has 7m income yearly and has now signed 3 yrs deal with OPAP (which is big deal in Greece) and is #1 in TV rights in Greece. So whatever happens, PAO will be there... maybe not as a protagonist, but in and around...
I don't think that Panathinaikos fans(including me) would be satisfied with a supporting role... 
I hope the prince, indeed has plans for basketball team... a good start would be Garnett's or Nowitzki's signing in January...!!!  
Posts: 5,110
Threads: 590
Joined: Dec 2006
Reputation:
0
Supports: Panathinaikos
Well, if we don't like a supporting role we can buy 18000 season tickets and jerseys and add another 6 millions to the budget
Respect and thanks for everything:
Alvertis, Bodiroga, Jasikevicius, Radja, Wilkins, Vrankovic, Fotsis, Rebraca, Kattash, Gentile, Koch, Middleton, Kutluay, Rogers, Papadopoulos, Becirovic, Tomasevic, Siskauskas, Pekovic, Lakovic, Vujanic, Chatzivrettas, Maljkovic, Spanoulis and many more to follow in the near future.
Posts: 2,210
Threads: 91
Joined: Apr 2009
Reputation:
0
Supports: Partizan
PAO if next season play in Adriatic League will be probably increase yearly income.And will have excellent games with Maccabi,Partizan,Olimpija,Cibona...
Posts: 5,110
Threads: 590
Joined: Dec 2006
Reputation:
0
Supports: Panathinaikos
Respect and thanks for everything:
Alvertis, Bodiroga, Jasikevicius, Radja, Wilkins, Vrankovic, Fotsis, Rebraca, Kattash, Gentile, Koch, Middleton, Kutluay, Rogers, Papadopoulos, Becirovic, Tomasevic, Siskauskas, Pekovic, Lakovic, Vujanic, Chatzivrettas, Maljkovic, Spanoulis and many more to follow in the near future.
Posts: 1,528
Threads: 67
Joined: Jan 2011
Reputation:
0
Supports: Panathinaikos
^^^Damn, I wish, at the end of the day, something good(for PAO) happens!
Posts: 1,246
Threads: 33
Joined: May 2010
Reputation:
0
Supports: PAOK Salonika
Quote:http://www.talkbasket.net/6760-russian-b...os-bc.html
If that does indeed happen, PAO will start looking like an English premiership football team
Posts: 5,110
Threads: 590
Joined: Dec 2006
Reputation:
0
Supports: Panathinaikos
Quote:If that does indeed happen, PAO will start looking like an English premiership football team
You mean civilised fans (at least inside the arena), huge TV rights contracts, professional marketing, merchandise sales and fans all over the world, private arena etc? If so, then YES PLEASE.
Respect and thanks for everything:
Alvertis, Bodiroga, Jasikevicius, Radja, Wilkins, Vrankovic, Fotsis, Rebraca, Kattash, Gentile, Koch, Middleton, Kutluay, Rogers, Papadopoulos, Becirovic, Tomasevic, Siskauskas, Pekovic, Lakovic, Vujanic, Chatzivrettas, Maljkovic, Spanoulis and many more to follow in the near future.
Posts: 2,210
Threads: 91
Joined: Apr 2009
Reputation:
0
Supports: Partizan
Quote:You mean civilised fans (at least inside the arena), huge TV rights contracts, professional marketing, merchandise sales and fans all over the world, private arena etc? If so, then YES PLEASE.
|
Homepage
Facebook
X
![[Image: vspa.jpg]](http://i199.photobucket.com/albums/aa105/Talkbasket/Blog/vspa.jpg)
![[Image: 26637_navijanjeee409_blic_markodjurica_f.jpg]](https://s13.postimg.org/ai1zptfdj/26637_navijanjeee409_blic_markodjurica_f.jpg)
![[Image: paok0bw.gif]](https://s16.postimg.org/8ol4abepx/paok0bw.gif)
![[Image: panathinaikos-basket-opadoi.jpg]](https://3.bp.blogspot.com/-rmr7fyr3Rf4/TaBVoiXkSLI/AAAAAAAAAs8/V_ML_HNbdBc/s1600/panathinaikos-basket-opadoi.jpg)
