“Shipwreck” in discussions with investors and outside the Basket League Panionios! | NBA

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Giorgos Christodoulopoulos made it known in a statement that the discussions with the potential investors for the purchase of Panionios “wrecked” and stressed that the future of “Istoriko” is outside the Basket League!

The statement of the strong man of the team of Nea Smyrni in detail:

“I am in the unpleasant position of officially announcing that I have just been informed that the interest of the prospective investor in the purchase of the majority stake I hold in KAE Panionios is being withdrawn, despite the verbal agreement reached last year on the financial terms of the agreement with the Greek representative. of the prospective investor.

Both sides did what was humanly possible in order to speed up the completion of the share transfer process and we managed to reach a verbal agreement with mutual trust and respect in just three meetings and in just one week.

Unfortunately, the insurmountable obstacle in the whole process was the time pressure, especially for the licensing procedures required for the team to participate in the Basket League. Specifically, despite yesterday’s verbal agreement (followed by my announcement of an agreement during yesterday’s ESAKE board with the consent of the candidate investor in Greece) it was not possible to record the agreement in writing and then approve it. legal advisers on both sides.

With my decision not to finance the team and after the withdrawal of interest of the only serious potential investor that existed for KAE Panionios, the continuation of Panionios will obviously be outside the Basket League. About this, I will have contact with the President of ESAKE mr. Galatsopoulos during the day “.

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