Panathinaikos sent a letter to EuroLeague Basketball CEO Jordi Bertomeu to express its intention to leave the competition.<\/p>\n
\u201cDear Mr. Bertomeu,
\nAs you are well aware of, for the past two months, Panathinaikos BC has been timidly and yet explicitly communicating with you, stating its will to terminate the \u201cLicensed\u00a0 Club contract with EuroLeague Properties S.A and asking for this crucial matter to be referred to the competent bodies the soonest possible. However, your reply that such news would seriously damage EuroLeague Basketball\u2019s negotiations with sponsors as well as the EuroLeague product itself at that time when the pandemic crisis was evolving, led our Club to take into account your concern and choose to act in good faith with the utmost discretion. Neither did we send a formal notice nor did we try to put pressure on you respecting the momentum.<\/p>\n
Nevertheless, the time has passed and we have still no response on our reasonable and legitimate abovementioned demand.
\nAs a consequence, in view of the fact that \u2013 indicatively \u2013 our Club\u2019s presence in the competition has not been proven to be in any way beneficial for us, while at the same time, there has been neither useful exploitation, nor increase in the revenues of the EuroLeague product, Panathinaikos BC hereby in written formally expresses its intention to transfer the Club\u2019s license and shares. We officially request that the competent EuroLeague bodies be promptly and duly convened to proceed with all necessary actions regarding this matter.
\nThank you in advance.<\/p>\n
We remain at your disposal for any clarification
\nSincerely,
\nFor Panathinaikos BC OPAP
\nManos Papadopoulos, President\u201d
\n(Eurohoops source for translation)<\/p>\n","protected":false},"excerpt":{"rendered":"
Panathinaikos sent a letter to EuroLeague Basketball CEO Jordi Bertomeu to express its intention to leave the competition<\/p>\n","protected":false},"author":146,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_spbk_hide_featured":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[82],"tags":[2629],"rumors":[],"typology":[],"posizionamento":[],"class_list":["post-152026","post","type-post","status-publish","format-standard","hentry","category-euroleague","tag-panathinaikos-en"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/posts\/152026","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/users\/146"}],"replies":[{"embeddable":true,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/comments?post=152026"}],"version-history":[{"count":0,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/posts\/152026\/revisions"}],"wp:attachment":[{"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/media?parent=152026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/categories?post=152026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/tags?post=152026"},{"taxonomy":"rumors","embeddable":true,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/rumors?post=152026"},{"taxonomy":"typology","embeddable":true,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/typology?post=152026"},{"taxonomy":"posizionamento","embeddable":true,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/posizionamento?post=152026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}