Panachaiki, Fostiras relegated
Second division soccer clubs Panachaiki and Fostiras were relegated to fourth division amateur competition yesterday following a decision by the soccer federation’s appeals commission. The decision was prompted by financial turmoil at the clubs. The relegation, based on recent legislation aimed at bolstering the state of Greek soccer, overrules a previous decision by a sports prosecutor. The administrations of both Panachaiki – the Patras club with a see-sawing presence in the first and second divisions for years – and Fostiras owe players money. Prior to the season’s start, several first division clubs scrambled to meet the newly implemented financial regulations.
