PAE Panachaic Just before the “cliff”! The Arbitration Court announced the activations – impositions of penalties for the five appeals former players of the team (Kolovouri, Papatoliou, Baxevanou, Kostoula, Kozoroni), with the amount required for their repayment to reach 120,000 euros!
Once funding in Panachaic has stopped by shareholders, the team – unless there is a “miracle” – will be eliminated from the Super League 2 within the next 10 days. It is almost unlikely to play with AEK II for the 9th game of the Playouts.
In its lengthy announcement, Panachaic analyzes the timing of the “disaster”, while in a post, admits its debts and closes with a “accusation” in every direction. “We all know that everyone has skeletons hidden in their wardrobes …” he emphasizes.
The announcement:
“PA Panachaic informs that the arbitral court rulings on the appeals of the players Kolovouris, Baxevanou, Kozoroni, Kostoula, Papatoliou have come out.
This development is condemning for our team, as we have notified both the legal representative of the players and our world, there is no financial ability to repay the appeals as the amount required is 120,000 euros.
The funding of the PAE by shareholders has long stopped something well known. Panachaic will be eliminated from the championship within 10 business days, as these players pressed in this direction and their reasons know themselves better.
For our part, we had recognized the debts and we had made it clear that the only way to get paid was to save the team either scoring where it had well -founded hopes after? Last results, either judicial that also had a lot of chances.
All this given that the PAE would change hands in the scenario that remained in the category. Unfortunately, however, our five former players had a different view and condemned Panachaic to extraterrestrial relegation.
PS One truth is that we owe it, another truth is what lies behind this story to eliminate Panachaic. We all know that everyone has skeletons hidden in their wardrobes … ”.