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Athens News Agency: News in English, 09-05-25

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <>


  • [01] Vgenopoulos steps down from Panathinaikos FC
  • [02] ASE opening: Marginal rise

  • [01] Vgenopoulos steps down from Panathinaikos FC

    High-profile Panathinaikos FC shareholder and board member Andreas Vgenopoulos on Monday announced his resignation from the Greek Super League football club's Board, adding, however, that his 11 percent stake in the club would remain in his family, while he was also relegating his voting rights initially to club president Nikos Pateras for as long as Pateras wished to remain in the presidency.

    According to a press announcement released by Vgenopoulos, deputy CEO of Marfin Investment Group (MIG), "in the relatively short time that I involved myself in Panathinaikos' administrative affairs, significant changes and steps of progress have been made through collective efforts and with the assistance of the team supporters.

    "As of last week, a major cycle has closed and Panathinaikos FC has now overcome most of the problems of the past, has a capable and powerful President with the necessary authorities, an exceptional administrative and technical staff, and great financial robustness. I consider that my struggle to contribute, too, to today's developments have been vindicated, but also have been completed," the release said.

    "Today, I announce my permanent departure from the field of 'factors', which is not compatible either with my character or with my principles, and in which I took part temporarily with my only motive being my great love for Panathinaikos and with the aim of our team finally entering a new course worthy of our history," Vgenopoulos continued.

    He thanked the Panathinaikos supporters for their confidence in him, "which I tried to honor, at a great personal cost".

    "As a simple fan from here on, I will always be at Panathinakos' side and will attend the matches, whenever I can, in order to share the joy or sorrow together with the rest of the 'green' family," the press release added.

    Vgenopoulos specified that the shares in Panathinaikos FC in his possession (11 percent) "will remain in my family forever and their rights will be exercised via plenipotentiary and by people I trust who want to and are able to contribute to the progress of Panathinaikos".

    Vgenopoulos further specified that "I relegate my voting rights initially to Mr. Nikos Pateras for as long as he desires to be President of Panathinaikos, and I thank him for the great personal sacrifices he is making in the pursuit of our shared visions".

    [02] ASE opening: Marginal rise

    Equity prices were rising at the opening of trade on Monday on the Athens Stock Exchange (ASE), with the basic share price index up 0.04 percent, standing at 2,280.95 points at 10:45 a.m., and turnover at 12.4 million euros.

    Individual sector indices were moving mostly upward, with the biggest gains in Insurance, up 2.51 percent; Health, up 1.85 percent; and Commerce, up 1.84 percent.

    The biggest losses were n Mass Media, down 2.31 percent; Food & Beverage, down 2.11 percent; and Construction, down 2.08 percent.

    The FTSE/ASE 20 index for blue chip and heavily traded stocks was up 0.04 percent, the FTSE/ASE MID 40 index was up 0.51 percent, and the FTSE/ASE-80 small cap index was up 1.37 percent.

    Of the stocks moved, 89 were up, 31 were down, and 14 were unchanged.

    Athens News Agency: News in English Directory - Previous Article - Next Article
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