Prominent businessman Thanasis Giannakopoulos dies

The president of one of Greece's biggest pharmaceutical companies and an influential personality in the Greek sports world, Thanasis Giannakopoulos has died. He was 88.

The last of three brothers, Giannakopoulos died on Tuesday in the intensive care unit of the Greek capital's Hygeia Hospital after suffering a stroke.

Giannakopoulos bids to buy Panathinaikos soccer club, rebuild Olympic Stadium

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.

Dimitris Giannakopoulos: PAO Foundation project is over for me

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.

Dimitris Giannakopoulos for PAO: I cannot do anything else for club

The fate of the football club of Panathinaikos is hanging in the balance, after major shareholder of the basketball team Dimitris Giannakopoulos released a statement clarifying that despite his efforts to assist in finding a solution for the club and keep it financially viable no progress had been achieved, announcing his intention to abandon any further attempts to intervene.