Panathinaikos FC: Historic club to change hands on June 27
The countdown for Panathinaikos FC to change ownership has entered its final stage, with Pairoj Piempongsant soon set to become the majority stakeholder in the historic Athenian club.
According to Live Sport, June 27 had been set as the final date for the club to officially change hands but it is estimated that until then the financial and legal audit will have been completed and the necessary documents will have been drafted to formalise the deal.
The transfer of the club’s shares to the new owner will be completed later in the summer, as the share capital increase, a formality, will have to first be completed, a process that expires on 7 July. Initially, Giannis Alafouzos, the outgoing majority stakeholder in the club, will give the Thai head of PAN Asia Fund and his associates the percentage of the agreed shares so that they can take full control of the decision-making process. After that and following the share capital increase the exact shareholding stakes will be certified.
The ultimate stage before the deal is completed includes its approval by the Professional Sports Committee.
You may be interested
Lotto results: 23/03/2019Panos - Mar 23, 2019
The winning numbers from the Lotto draw are as follows:
SYRIZA EP candidate resigns after dead mother’s pesnion rowmakis - Mar 22, 2019
Myrsini Loizou, SYRIZA’s candidate for the European Parliament has announced she will resign after it was revealed by protothema.gr she…
The Hellenic Coast Guard forbids its members to sing any military songs or marches as it is accustomed!makis - Mar 22, 2019
An unprecedented move was made by the commander of the Hellenic Coast Guard’s Underwater Missions Unit a few days before…