Lucky 7? How Panathinaikos is shaping up to be Euroleague favorites in 2016-2017 reblogged from Euroleague Jam

A strange analysis of Panathinaikos Athens published last month on Euroleage Jam

Euroleague Jam

After five titles in 13 years, Panathinaikos has struggled to find success after head coach Zeljko Obradovic left for Fenerbahce.

“When I came in June 1999 to Athens to join Panathinaikos, I could not have imagined that this would be my team, my family, my home for 13 years. In these 13 years, we had many beautiful moments, many celebrations, but also difficulties. We were always together as a great and true family.”

-Zeljko Obradovic at his Panathinaikos farewell press conference in June 2012

Panathinaikos has always been associated with legendary coach Zeljko Obradovic, and for good reason, really. The “Greens” from Athens have won the most championships (six) in the modern Euroleague era, and Obradovic during his 13-year tenure in Athens was responsible for five of them. Under the well-respected and fiery Serbian coach, Panathinaikos became one of Europe’s most recognized, and respected clubs, annually competing for Greek Basketball…

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4 thoughts on “Lucky 7? How Panathinaikos is shaping up to be Euroleague favorites in 2016-2017 reblogged from Euroleague Jam

  1. Greetings, I saw the comment right now. I apologise for the late reply:

    Olympiakos does not earn any money. There in deep trouble (and as PAO fan, I wish them from all my heart even worse issues), cutting expenses as much as they can, this is how they lost Sloukas to Fener. This year is going to be even funnier since V-Span renewed for 2.5 millions per year (almost 25% of the budget) for the rest 3. The Angelopoulos brothers used to be steel moguls but their steel industry went broke and now the main source of income is their (relatively small) Arcadia shipping company.

    PAO s for sure in a better situation. It has a much broader fan attendance (until recently was the team with the most selling tickets) and his pharmaceutical company has a large part of its revenue from exports in China.Taking into account that the only heavy contract this year is of N. Calathes (Diamantidis retired and Fotsis was inked with half of its contract), the team had a lot of money to give to new players. From the latter, only Bourousis has a rather heavy contract so the team still has money to spent.

    ps. Note that this year, the profit from Euroleague significantly increased-teams like PAO or Maccabi estimate that they can earn an extra couple millions of euros due to many matches, sponsors and reimbursements from the organisation.

    Like

  2. Let me re-write the reply in order to be more comprehensive- I apologise for the previous inattentive text:

    Olympiakos does not earn any money. There ARE in deep trouble (and as PAO fan, I wish them from all my heart even worse issues), cutting expenses as much as they can; this is how they lost Sloukas to Fener. This year is going to be even funnier since V-Span renewed for 2.5 million per year (almost 25% of theIR budget) for the rest 3 YEARS. The Angelopoulos brothers used to be steel moguls but their steel industry went broke and now the main source of income is their (relatively small) Arcadia shipping company.

    PAO Is for sure in a better situation. It has a much broader fan attendance (until recently, IT was the team selling THE MOST tickets) and the OWNERS’ pharmaceutical company EARNS a large part of its revenue from exports in China.Taking into account that the only heavy contract this year is of N. Calathes (Diamantidis retired and Fotsis was inked with half of its contract), the team had a lot of money to give to new players. From the latter, only Bourousis has a rather heavy contract so the team still has money to spent.

    ps. Note that this year, the profit from Euroleague significantly increased-teams like PAO or Maccabi, THAT HAVE A LARGE FAN ATTENDANCE, estimate that they can earn an extra couple millions of euros due to many matches, sponsors and reimbursements from the organisation.

    Like

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