Friday October 31, 2014 Search
Weather | Athens
18o C
13o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Family feud throws Panathinaikos basketball in disarray

 President announces departure, accusing his uncle of fake financial data and of forcing Obradovic out

By George Georgakopoulos

Panathinaikos’s basketball division was thrown in disarray on Friday as president Dimitris Giannakopoulos said he is departing the club and accused his own uncle, Thanassis, of betrayal, in a dramatic press conference in the aftermath of the arrest of former Panathinaikos forward Mike Batiste for tax debts.

“I have been betrayed by my own blood,” a tearful Giannakopoulos said, alleging that last summer, when he took over the basketball club from his father Pavlos and his uncle Thanassis Giannakopoulos, the latter’s advisors gave him the wrong picture of the six-time European champion’s finances.

The Panathinaikos president, who had arranged in the morning for the settlement of the debt that Batiste had to Greek tax authorities amounting to 200,000 euros, accused Thanassis Giannakopoulos, who administered the club since 2002, and his advisors of owing money to most players and being responsible for the departure of coach Zeljko Obradovic: “He owed him money, that is why he left.”

“When in the summer I asked Thanassis Giannakopoulos and his associates for details of the club’s finances, I was given fake data. Today I have taken things into my own hands and I have seen the real picture.

“I can therefore tell you that Mr Obradovic left because Thanassis Giannakopoulos owed him a lot of money, many months’ salary and I have never spoken of that. There is proof, this is not just some indications, but evidence that I have, and is at anyone’s disposal."

When Obradovic left Panathinaikos in the summer, after 13 years at the club, he spoke of a lack of respect toward him, but did not elaborate.

“I have not got the financial capacity to plug the holes that the Thanassis Giannakopoulos administration has left,” Dimitris stressed, saying that “unfortunately I cannot go on at Panathinaikos.”

“I am 38 years old, I have got the strength to fight, but I cannot tolerate betrayal from my own blood,” said Dimitris Giannakopoulos, adding that he is offering the club for free to anyone interested.

Batiste is understood to be a good friend of the Panathinaikos president, who intended to honor the US forward upon his return to Athens to face Panathinaikos with his new club, Fenerbahce Ulker.

His adventure, getting arrested on Thursday evening upon entering Greece and spending the night in captivity at the police station of the Athens airport, will have forced Giannakopoulos to ask the questions he should have asked when he undertook the club last summer.

Batiste was released late in the morning and joined the Turkish team in its light training in the afternoon.

Reports from the Panathinaikos camp say the Giannakopoulos revelations have dropped like a bombshell among the team’s players.

All this is making the Panathinaikos vs Fenerbahce clash for the Euroleague at 10 p.m. on Friday exceptionally appetizing. The reaction of the fans, most of whom have never taken to Dimitris Giannakopoulos, will also be very interesting to see.

ekathimerini.com , Friday December 7, 2012 (16:10)  
Obradovic watches Greens thrash his Fenerbahce
Berg returns to add spice to Panathinaikos´s Cup win
Greece drops Samaras for Euro 2016 qualifier
Panathinaikos and PAOK retain perfect record
Nikos Dendias appointed defense minister
Former Public Order Minister and current Development Minister Nikos Dendias (photo) was appointed on Friday to replace Dimitris Avramopoulos as Greece's defense minister, as the latter heads...
Police clear apartment used by rebel monks
Dozens of Greek police took part in an operation Friday to clear an apartment used as a hostel by a rebel monastery whose monks have been declared schismatic by the Orthodox Church. Police s...
Inside News
Eurozone inflation up, unemployment steady, Eurostat reports
Eurozone inflation edged up to 0.4 percent from multi-year lows while unemployment was little changed, official data showed on Friday, providing only limited reassurance that a modest econom...
Greek retail sales rise for third month in a row
Greek retail sales by volume rose 7.4 percent in August compared to the same month last year, after a downwardly revised 4.7 percent increase in July, statistics service ELSTAT said on Frida...
Inside Business
COMMENTARY
The judiciary’s responsibility
The reform efforts over the past few years have begun to bear fruit. Greece has improved its standing in the World Bank’s Doing Business rankings, rising 48 positions from 2010 to 61st place...
EDITORIAL
Findings raise eyebrows
An investigation into money transferred to foreign banks by civil servants since 2010, when Greece’s brutal debt crisis erupted, has come up with some striking findings. The checks, which we...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Eurozone inflation up, unemployment steady, Eurostat reports
2. Nikos Dendias appointed defense minister
3. Police clear apartment used by rebel monks
4. Greek retail sales rise for third month in a row
5. Traffic accidents rise 1.3 pct in August, year-on-year
6. New defense minister to be appointed without reshuffle
more news
Today
This Week
1. Man shot dead, woman injured in Vathis square attack
2. Cyprus’s Georgiades bets on economy for Irish-style bailout exit
3. Germany’s 10-year bonds decline before euro-area inflation data
4. New defense minister to be appointed without reshuffle
5. Traffic accidents rise 1.3 pct in August, year-on-year
6. Greek retail sales rise for third month in a row
Today
This Week
1. Austria’s creative bookkeeping beats Greece on secret debts
2. End of reason, end of humanity
3. Clean bill of health for Greek banks from stress tests
4. Samaras pledges action after flash floods in Athens
5. Eurobank, National Bank restructurings eliminate capital gap
6. Athens flood damage assessed, compensation payments to begin
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.