The way is opened for the double renovation and construction of the Panathinaikos stadium in Votanikos. Under a newer regulation, the government has decided to pay 15% of ticket revenues and the use of advertising space to the greens for 49 years from the start of the concession.
The Ministry of Development gave the green light to the decision to change the law, in order to satisfy the constant request of the Amateur Panathinaikos, ie to transfer the rights of the club for 49 years to the new stadium.
“The Ministry of Development and Investment, as the head of the government effort for the completion of the double renovation in Votanikos, decided to immediately bring an amendment to the Parliament, so that the 15 years of the concession of 15% of the stadium revenues to the PAO amateur club increase in 49 years. In this way, we believe that we are curing all the concerns of the people of PAO, about how determined we are to achieve the double regeneration “, said the Minister of Development, Adonis Georgiadis.
The baton now passes to Panathinaikos. His papers will be opened on Monday by the president of the Amateur Takis Malakates.
The last word will have the General Assembly of Panathinaikos A.O. which will seal the future of Double Regeneration.
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