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Greek Superleague football club Panathinaikos has been hit with a three-season ban from European competition after falling foul of Uefa’s financial guidelines.
Euroleague Basketball has outlined expansion plans for its top-tier EuroLeague competition, as the owner of leading Greek team Panathinaikos said the club will leave for the Basketball Champions League amid clashes with Euroleague administration.
Athens has been awarded hosting rights to the 2018 Final Four of the Basketball Champions League.
Dimitris Giannakopoulos, the owner of Greek basketball club Panathinaikos, has submitted a proposal to acquire the Athens-based football club of the same name and the city’s Olympic Park.
World football’s governing body Fifa has said that it will continue to monitor the Hellenic Football Federation (HFF), the game’s governing organisation in Greece, for at least a further year as it seeks to smooth out a troubled period for football in the country.