Panathinaikos major shareholder Yiannis Vardinoyiannis announced on Monday he is about to concede his 54.7 percent stake in the club for free to anyone interested, showing for the fourth time since 2008 his and his family’s intention to depart from Panathinaikos.
“There is no chance you will see us again at Panathinaikos. Forget about us,” stressed Vardinoyiannis, a former car racing champion, insisting his family are putting an end to the club’s tenure that has lasted for 32 years.
He spoke for an hour and a half at a press conference revealing that a lawyer will now handle his stake.
“There is no price for our shares. The price is zero. If a company comes, a genuine one, then the sale can go on. If an offshore company came, the Professional Sports Commission would stop it, even if I wanted to give away my stake to it.”
Vardinoyiannis has undergone severe criticism for his inertia over the last few months, as he had insisted that that although he holds a stake of over 50 percent he would act as the owner of just 30 percent aiming to concede the rest to anyone interested.
(source: sport in greece)
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