Basketballghana.com can confirm Panathinaikos Basketball Club is up for sale; Ghana Forward Ben Bentil played for the club last season and is in line to play his second season with the club in the 2020-2021 campaign.
The news was announced recently with Club Owner Dimitris Giannokopoulos slapping a $28.4 million dollar sell price on the team.
Giannokopoulos’s family has owned the team since 1987 and has reportedly spent $450 million on the team since taking over. According to greekreporter, until a new owner comes along, the club will function without Giannokoulos involvement.
“So far, I have spent my entire life with Panathinaikos; this is difficult for me and it’s an emotional day. However, I am still Panathinaikos, and I will go to the stadium. Panathinaikos will continue to exist. I hope that the next buyer can make the club more profitable” he said.
Giannokoupolos is also reportedly angling for Panathinaikos to play the Basketball Champions League instead of the EuroLeague.
Bentil is the first Ghana born player to play in the NBA and recently won the Greek Basketball League title with Panathinaikos after the 2019-2020 season was cancelled and his side was declared the winner.
By Yaw Adjei-Mintah
@YawMintYM on Twitter