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AEK Athens Fail In Club Sale; Bajevic Progress Overshadowed
Dusan Bajevic's on-pitch revival at AEK has been overshadowed by the failed part sale of the club...
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Jan 27, 2009 10:20:29 AM
The administrative heads of AEK Athens have expressed their disappointment at the failure to raise €15 million euro in share capital, following an attempted part sale of the club.
Last Friday, the 23 January, was the deadline set by former president Giorgios Kintis - who resigned on Saturday - for any would-be investors to stake a majority share in the Greek giants.
Reports in Greece suggested the part sale of AEK had opened the door for former president and current oil and shipping supremo Dimitris Melissanidis to rescue the club from crippling debts and ongoing financial troubles.
Kintis had welcomed investment from Melissanidis, though the Greek businessman distanced himself from the club during January.
With no other major investors apparently having expressed interest before the deadline, AEK’s board released a statement on the club website outlining both frustration and unity in the wake of the failed part-sale.
“The strategic search for an investor in order to meet the immediate financial obligations and to strengthen the team has not yielded a positive result,” the statement read.
“This is something that has disappointed and concerned us.
“Therefore, the shareholders of the club will be the only ones who will move forward with what they perceive to be best for the team and its continuing history.”
Courage Under Fire
The latest failure of the club to escape its current financial situation – with running costs claimed by Kintis to be at €20 million a year – overshadows the recent resurgence lead by manager Dusan Bajevic on the pitch.
Undefeated after taking over from previous incumbent Giorgios Donis earlier in the season, the Serb tactician has taken his team to within three points of second-placed Panathinaikos.
Despite the uncertainty that has surrounded AEK’s administration, it has been Bajevic – in his third spell at the club – and his players who have shown courage under fire, having produced a string of increasingly impressive performances, culminating in a 3-0 win over Panionios at the weekend.
However, a lack of transfer activity will almost certainly following the failed share capital increase.
Just how much of an impact this will have on the remainder of AEK’s season on the pitch remains to be seen, as does the future of Dusan Bajevic within an increasingly unstable administrative environment in Athens.
AEK host rivals Olympiakos - the club for which Bajevic infamously first left AEK during the 90s – at the OAKA Spiros Louis Stadium on Sunday, in what is shaping up as one of the biggest games of the year.
The Piraeus giants currently lead the Greek Super League by eleven points with eleven rounds remaining.
Chris Paraskevas, Goal.com
Last Friday, the 23 January, was the deadline set by former president Giorgios Kintis - who resigned on Saturday - for any would-be investors to stake a majority share in the Greek giants.
Reports in Greece suggested the part sale of AEK had opened the door for former president and current oil and shipping supremo Dimitris Melissanidis to rescue the club from crippling debts and ongoing financial troubles.
Kintis had welcomed investment from Melissanidis, though the Greek businessman distanced himself from the club during January.
With no other major investors apparently having expressed interest before the deadline, AEK’s board released a statement on the club website outlining both frustration and unity in the wake of the failed part-sale.
“The strategic search for an investor in order to meet the immediate financial obligations and to strengthen the team has not yielded a positive result,” the statement read.
“This is something that has disappointed and concerned us.
“Therefore, the shareholders of the club will be the only ones who will move forward with what they perceive to be best for the team and its continuing history.”
Courage Under Fire
The latest failure of the club to escape its current financial situation – with running costs claimed by Kintis to be at €20 million a year – overshadows the recent resurgence lead by manager Dusan Bajevic on the pitch.
Undefeated after taking over from previous incumbent Giorgios Donis earlier in the season, the Serb tactician has taken his team to within three points of second-placed Panathinaikos.
Despite the uncertainty that has surrounded AEK’s administration, it has been Bajevic – in his third spell at the club – and his players who have shown courage under fire, having produced a string of increasingly impressive performances, culminating in a 3-0 win over Panionios at the weekend.
However, a lack of transfer activity will almost certainly following the failed share capital increase.
Just how much of an impact this will have on the remainder of AEK’s season on the pitch remains to be seen, as does the future of Dusan Bajevic within an increasingly unstable administrative environment in Athens.
AEK host rivals Olympiakos - the club for which Bajevic infamously first left AEK during the 90s – at the OAKA Spiros Louis Stadium on Sunday, in what is shaping up as one of the biggest games of the year.
The Piraeus giants currently lead the Greek Super League by eleven points with eleven rounds remaining.
Chris Paraskevas, Goal.com
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| Open an account with Sportingbet today and get up to £100 in free bets! |
|
| Sign up with William Hill for a free bet up to £25 |
|
| Sign up with bet365 for a free bet up to £200 |
|
| Sign up with Paddy Power for a free bet up to £50 |
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