The Great Stadium Debate
Amidst the plethora of other issues that seem to surround Greek Football on a daily basis, sits the issue of stadia and facilities. Where do we currently sit? And what can be done to improve the situation? For years now, Olympiakos has reaped the benefits of having the Georgios Karaiskakis stadium. Although it is nominally owned by the Hellenic Olympic Committee, Olympiakos essentially operate it and run it themselves. When it was built in 2003, Olympiakos received an exclusive 50-year lease for its use, until 2052. Olympiakos would cover all costs surrounding the operating and maintenance of the facility and in return, Olympiakos would pay somewhere around 10% of all revenue generated, back to the Hellenic Olympic Committee. The Georgios Kariaskakis Stadium cost around € 60 million to build by the time it was finished in 2004, this roughly comes to € 75 million in today’s money. In relative terms we are not talking about that much money and you won't find very many peop...