GREEK SUPERLEAGUE: As revealed yesterday, months of endless speculation was brought to an end with Giannis Alafouzos confirming Thai businessman Pairoj Piempongsant has bought 50% of his shares in Panathinaikos FC. Now that the first phase of the drawn out takeover has been completed, more details of the deal have surfaced.
GREEK SUPERLEAGUE: Pan Asia’s acquisition of Panathinaikos FC has taken some time and after last week’s news of Pairoj Piempongsant not investing into the club for the first time as promised after the share capital increase, fear grew that the deal may have stalled yet again, or even worse, be off the table.
GREEK SUPERLEAGUE: Pairoj Piempongsant and Pan Asia are closer than ever to acquiring Panathinaikos FC. Upon his latest visit to Greece, the Thai businessman met with Giannis Alafouzos again and this time a private agreement was signed between the pair on Friday afternoon. This private agreement pertains to the 10 million Euro share capital increase at the next Board of Directors meeting on the 21st of September.
GREEK SUPERLEAGUE: Just as the well-publicised takeover of Panathinaikos by Thai businessman Pairoj Piempongsant and his consortium was on the home stretch, things appear to have been put on-hold for the time being. According to recent reports, negotiations have “stuck” and no deal has been agreed upon.
GREEK SUPERLEAGUE: The proposed takeover of Panathinaikos by Pan Asia Investments has gained traction and appears to be moving at a rapid pace. Giannis Alafouzos has declared he is happy with the offer on the table and wants to move forward. Consequently, Thai businessman Pairoj Piempongsant is expected to arrive in Athens early next week to sort out the details of the move.
