Storm continues at AEK soccer club with resignations

AEK soccer club is going through turbulent times after the resignation of its top two figures and a lack of interest in its share capital increase. On Saturday club president Giorgos Kintis tendered his resignation, followed the next day by vice president Takis Kanellopoulos. Then yesterday, three days after the deadline for the expression of interest from possible investors, the club announced that since the planned 15-million-euro share increase did not materialize, the current shareholders of the club will «proceed as they think is best for the club and its history.» AEK also expressed its «disappointment and concern, given the very attractive financial terms that had been set by the shareholders.» At the moment, Nikos Thanopoulos is the favorite to take over as president. Major shareholder Nikos Notias is expected in Greece from the US later this week to discuss the club’s financial problems.