Panathinaikos begin new era under fan ownership

July 19, 2012, Thursday/ 18:00:00/ REUTERS

Panathinaikos began a new chapter under fan ownership after the transfer of the Vardinoyiannis family’s majority shareholding to the new ‘Panathinaikos Alliance’ was completed on Wednesday.

”From now on Panathinaikos belongs to its people,” said fans’ coalition group leader Yiannis Alafouzos, who also owns the Skai media group. “I thank all supporters and stakeholders who have made this possible. The alliance represents the fans. We must learn from the losses incurred last year and start to build a new Panathinaikos. We also thank the players and the coach who agreed to delay their payments to make this a reality,” he added.

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