The fine in the Euroleague amounted to 725 thousand euros and may exceed one million euros, according to the newspaper “Mundo Deportivo”.

Yesterday (14/4), Euroleague Basketball announced the cancellation of two wins and the imposition of a fine on Panathinaikos for reasons related to the violation of Financial Fair Play over a period of three years, and talked about a compromise, without mentioning the amounts. another day, In its report, Mundo Deportivo mentioned the amount of the finewhich – if true – is the highest fine ever imposed on a club.

According to the Spanish website, the fine imposed on the “greens” was 725 thousand euros, while another 400 thousand euros can be added to it if Panathinaikos fails to achieve some specific goals.

It should be noted that the basis of the penalty lies in the EuroLeague Basketball Regulation regarding the excess of the capital contribution to the budget. Based on the relevant regulations, the teams must submit a balanced budget in terms of income and expenses, but also accurate information on the financial statements, as mentioned in the relevant articles (7 and 8), for which Panathinaikos was sanctioned – according to the announcement.