Pan Asia offers salvation to Panathinaikos but is it the best way forward?
Pan Asia Investments, headed by Thai businessman Paijoj Piempongsant, is keen on buying fallen giants Panathinaikos. The interest is there from both parties, with Piempongsant set to fly to Athens and discuss the major sticking points with Alafouzos. The debt and who it is paid by is said to be the major stumbling block. The proposed takeover offers an enormous boost across the entire club, as the budget for next season would be 20 million Euro. This would significantly improve the squad if used properly. 13 million Euro would be used to pay third parties to whom money is owed to and cover a portion of the existing debts. On top of this, 7 million Euro would go towards a closed TV rights contract, and a further 7 million Euro would be spent on enhancing the facilities at the Koropi training centre. This all sounds good and the group has past experience in European football, but the murky underworld of Greek football operates in a manner that would shock anyone. Would they be ab...