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Greek Court Disapproves 7 Mil Budget for the Reconstruction of Panathinaikos Stadium

The sixth section of the Court of Audit ruled as unlawful the 7 million euro budget approved by the Attica region authority, under former Governor Giannis Sgouros, for the regeneration of Panathinaikos’ FC home ground “Apostolos Nikolaidis” on Alexandras Avenue, downtown Athens.
The decision comes in accordance with the position of the Supreme Court’s financial section, which on last September ruled illegal the contract signed for the stadium’s renovation.
The renovation of Panathinaikos’ stadium
Among others, the framework for the reconstruction of Panathinaikos’ stadium on Alexandras Avenue includes:

  1. Increase of the stadium’s capacity to 20,000 seats (additional platforms would be placed over the existing ones).
  2. Replacement of all seats with new ones.
  3. Modernization of the existing changing rooms and other areas of the pitch.
  4. Installation of a modern lighting grid on the stadium’s exterior walls, towards Alexandras Avenue, that would change colors and markings.
  5. Parking space.
  6. New pedestrian bridge over Alexandras Avenue.
  7. Improvement of the green areas surrounding the stadium.

Panathinaikos claims ownership of the stadium and accuses the city and Athens Mayor Giorgos Kaminis of applying pressure to the club to let go of the stadium for a new one, in an area several kilometers away, which the club is in no position to finance.
Newly elected Governor Rena Dourou has expressed some vague concerns about the plan, but now, after the court decision, will be called to offer a definitive solution to an issue concerning millions of Athenian fans.

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