Panathinaikos face deadline for Djordjevic payments
Aleksandar Djordjevic has informed FIBA about Panathinaikos’ failure to honour a payment plan as part of a court-ordered settlement following the Serbian coach’s dismissal in 2016.
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Former Panathinaikos coach Aleksandar Djordjevic is back in the news in Greece after it was revealed that his representatives have alerted FIBA over a violation of a court order by his former employer.
Djordjevic took over the Panathinaikos reins ahead of the 2015/2016 season on a two-year contract, but failure to guide Panathinaikos to the EuroLeague Final Four paved the way for the Serbian’s dismissal less than a year into his contract.
A long dispute over compensation was eventually settled in court where it was ruled that Djordjevic was entitled to a settlement of €350,000 with both sides agreeing to a payment plan over 17 months.
Djordjevic started receiving payments in April, but that all changed in August when Panathinaikos stopped following the payment plan according to Djordjevic’s Greece-based lawyer Giannis Marakakis.
Djordjevic’s representatives informed FIBA about the missed payments with the governing body giving Panathinaikos a deadline of 11 December to resume with the payment plan.
