Panathinaikos: Let there be light!

Greek club Panathinaikos' stadium management team suggest side play in daylight after failing to pay electricity bills.

    Panathinaikos: Let there be light!
    Panathinaikos are struggling to pay bills for Olympic stadium despite entering new financial era [Reuters]

    Panathinaikos, one of the oldest and most successful Greek soccer clubs, have fallen behind on payments for their electricity bills at the Olympic stadium which the club rents from the state.

    In an open letter to the Greek Super League, Hellenic Football Federation and television broadcaster Nova, the stadium's management team head Peter Galaktopoulos said the club had not met the minimum financial obligations.

    Galaktopoulos suggested the club play during daylight hours so that it would not be charged the cost of electricity for lighting.

    However, the proposal is unlikely to be adopted as the majority of the club's home games are scheduled for prime television evening slots as part of an agreement with Nova.

    "It is true that there are some outstanding amounts which need to be taken care of and we are in continued discussions with the Olympic stadium management about that and we expect it to be solved by the end of the year," a Panathinaikos spokesman said.

    "The truth is that we have been involved in negotiating a new contract with the Olympic stadium for some time now and these discussions are ongoing.

    "It is also well known that we are investigating returning to our own (Apostolos Nikolaidis) stadium closer to the city centre in the New Year and this is also a topic which is still open."

    Panathinaikos are continuing to struggle financially despite entering into a new era of fan ownership in the close season and the board have requested a capital injection of $19 million from shareholders and investors.

    SOURCE: Reuters


    YOU MIGHT ALSO LIKE

    Interactive: Coding like a girl

    Interactive: Coding like a girl

    What obstacles do young women in technology have to overcome to achieve their dreams? Play this retro game to find out.

    Heron Gate mass eviction: 'We never expected this in Canada'

    Hundreds face mass eviction in Canada's capital

    About 150 homes in one of Ottawa's most diverse and affordable communities are expected to be torn down in coming months

    I remember the day … I designed the Nigerian flag

    I remember the day … I designed the Nigerian flag

    In 1959, a year before Nigeria's independence, a 23-year-old student helped colour the country's identity.