The ‘Movement of Members of the Panathinaikos Athletic Club’ requests an extraordinary General Meeting of the Amateur on the issue of whether to terminate the contract for Botanikos

The initial estimates that wanted the Amateur Panathinaikos to enter the sports facilities of Botanikos have fallen completely off the table, since the schedule said that at the end of 2024 the first part of the project would have been delivered, with the football section of the “green” being housed in 2026 .

But the works in the Botanic haven’t started yet, as a result the “Movement of Members of the Panathinaikos Athletic Club” to request an extraordinary General Assembly from the president of Erasitechnis, Takis Malakate, on the subject ofthe termination of the contract.

The letter to the president of A.O

“The “Movement of Panathinaikos Athletic Club Members» with her letter to Takis Malakatethey ask for the emergency General meeting in order to decide whether to terminate the contract for the Botanist from the moment his facilities Amateur they will not be delivered at the end of the year, as provided for therein.

The letter in detail…

Mr President,

As you know, more than 30 months have passed since the vote on the Club’s home issue.

This period of time was more than sufficient for there to be — literally and figuratively — visible results in terms of the construction of the facilities for the Athletic Club departments. On the contrary, there is unjustified stagnation leading to a clear violation of the agreed schedule.

For these reasons:

We request, within 15 days from the notification of this, the convening of an extraordinary General Assembly with the following items on the agenda, so that the members can be called upon to decide on the following issues:

a) In the event that the provision defined in article 10.4.3 is not implemented, between the Municipality of Athens and Panathinaikos A.O. concession contract date, i.e. Tuesday 31-12-2024, and the sports facilities referred to in it have not been delivered, as foreseen, to Panathinaikos A.O., we decide to exercise, immediately and without further action, the right of termination in accordance with what are expressly provided for in article 10.4 of the concession agreement.
In particular, we decide to serve a written notice of termination of the concession contract on behalf of the Panathinaikos Athletic Club, addressed to the Municipality of Athens, within 5 working days of the passing of the critical time milestone for the delivery of the sports facilities.

b) The immediate termination of any contracts concluded between Panathinaikos A.O. and the Municipality of Athens, which modify the terms of the concession contract or extend its time limits.

c) The designation of the General Assembly as the exclusive jurisdictional body for the approval or non-approval of any future or existing contract regarding the relocation of the Panathinaikos Athletic Club, whether it takes place within the framework of the Double Redevelopment program or under another legal regime”.