Athens: Thai entrepreneur Pairoj Piempongsant on Saturday took a step closer to acquiring a majority stake in financially-troubled Greek club Panathinaikos, Greek media reported. If the sale is completed, Panathinaikos will become the first Greek professional football team owned by a foreign group. Athens-based Panathinaikos were banned last month from European competition for three years by Uefa for failing to pay their debts. At any rate, they have failed to qualify for Europe next season as with one match remaining in the Super League this season they are in 13th place. Earlier this season, they were beaten by Athletic Bilbao in the Europa League play-off round.

Source: Bangkok Post May 06, 2018 21:56 UTC