Dimitris Giannakopoulos

Surprise package Lavrio added an even more important scalp to that of AEK, as on Sunday it defeated champion Panathinaikos at home.

Just like AEK a week earlier, the Greens had their unbeaten record shattered at Lavrio, with a 92-82 score, paying for their complacency as they had enjoyed a comfortable lead in the first half.

Panathinaikos basketball club formally asked on Thursday to withdraw from the Euroleague, in a week of major turbulence for the Greek champion.

A basketbal disciplinary court penalized Olympiakos on Saturday with a six-point deduction after it stormed off the court last Wednesday during a Greek Cup semifinal against rival Panathinaikos.

The team, which left the match at halftime while trailing 40-25, cited the quality of the refereeing.

The Piraeus club was also fined 7,000 euros.

The transfer of Panathinaikos soccer club to the Pan Asia fund, led by Thai business man Pairoj Piempongsant, has officially started with club owner Yiannis Alafouzos announcing on Tuesday the signing of the agreement for the first stage of the transaction concerning the first half of his stake.

Pavlos Giannakopoulos, the founder of Greek pharmaceutical firm Vianex and co-owner of the capital's Panathinaikos basketball club from 1987 to 2012, died on Sunday morning. He was 89 years old.

Pavlos Giannakopoulos, the founder of Greek pharmaceutical firm Vianex and co-owner of the capital's Panathinaikos basketball club from 1987 to 2012, died on Sunday morning. He was 89 years old.

Panathinaikos basketball club owner Dimitris Giannakopoulos has chosen a different way in European basketball by switching competitions. The Greek champions' strongman announced on Thursday that as of next season the Greens will swap the Euroleague for FIBA's Basketball Champions League.

Deputy Minister for Sports Giorgos Vassiliadis confirmed on Thursday morning a press report according to which the owner of the Panathinaikos basketball club, Dimitris Giannakopoulos has tabled a proposal for the acquisition of the soccer club as well as the Olympic Stadium of Athens in cooperation with foreign funds.

Panathinaikos basketball club owner Dimitris Giannakopoulos is threatening to take the six-time European champion off the Euroleague unless his one-year court ban is reversed - or reduced conseiderably - by the appeals committee of Europe's prime basketball club league.

Uncertainty over the financial future of Greek football giants Panathinaikos Athens continues, after Dimitris Giannakopoulos, the major shareholder and owner of the basketball team of Panathinaikos informed the fame through his Instagram account he was abandoning the “PAO Foundation” project as the whole initiative was not financially viable.