Skip to main content

A Greek tragedy

There is nothing new about politics and oligarchs getting mixed up, but it is still unusual for a government to intervene to legislate to settle a row between rival teams, but that is what has happened in Greece.

The two clubs are Ivan Savvidis's PAOK (based in Thessalonuki) and Vangelis Marinakis's Olympiakos (based in Piraeus). Mr Savvidis has a reputation of enjoying close links with Vladimir Putin. Mr Marinakis is a shipping magnate and the proprietor of a media empire.

Both oligarchs are dedicated to their clubs. Mr Savvidis was banned from attending PAOK matches for 12 months after he rushed on the pitch in 2018 to protest against a penalty decision wearing a holstered pistol on his belt. Mr Marinakis was acquitted by the Greek supreme court of charges of match fixing in 2018.

Mr Savvidis acquired PAOK in 2012. In 2018 he acquired Xanthi in 2018 in violation of a single investor owning more than one Super League club, leading to a complaint from Mr Marinakis. The acquisition was made through a Cyprus offshore company controlled by a relative of Mr Savvidis. PAOK has emphatically denied that the family owned Xanthi, describing it as 'an absolute and huge lie'.

The judgment of the Greek independent sports authority was that PAOK should be relegated. Such was the intensity of feeling that this decision generated that a militant PAOK fan club warned a minister against showing up anywhere in the north without bodyguards and a police escort.

The Government passed an emergency decree that prevented the relegation but docked points from PAOK, making it likely that Olympiakos would win the title. An adviser to the sports ministry told the Financial Times:'The legislation was intended to be a compromise because the northern team will avoid the stigma of relegation, while Olympiakos becomes the front runner to win the championship again after a gap of several years.'

Law professor Arias Hatias told the Pink 'Un 'There's no doubt that this ruling [by the sports authority], if adopted, would have a high political cost. But the fact that the government has dismissed the findings of an independent regulatory committee and accommodated an oligarch sends a very disheartening message.'

Football in Greece has been characterised by crowd violence which can spill over into street riots. There are frequent allegations of match fixing and bribery of referees and players. Club officials have previously stormed the pitch to attack referees and linesmen.

Prime minister Kyriakos Mitsotakis has asked Fifa and Uefa to help Athens 'revive and reform' Greek football. 'This will mean tight regulation and international surveillance,' he said. Good luck with that.

Four Four Two published a feature on the bitter rivalry between the two clubs: Bitter title clash They meet next Sunday.

Comments

Popular posts from this blog

Wolves get raw deal from FFP

  I used to see a lifelong Wolves fan for lunch once a month.   He was approaching ninety, but still went to games.   Sadly he passed away the other week. As football finance guru Kieran Maguire has noted, Wolves continue to be constrained by financial fair play rules.  Radio 4 this morning described them as this year's 'crisis club' and the pessimists have certainly been piling in. Martin Samuel wrote sympathetically in the Sunday Times yesterday, saying that the Premier League drives talent away with regulatory red tape: 'Why could Al-Hilal sign Neves? Because Wolves needed the money. And why did Wolves need the money? Because the club had to comply with an artificial construct known as financial fair play. So Wolves are going skint, yes? No. There is no suggestion that Wolves are in financial trouble, only that they are failing to meet the rigours of FFP. Wolves’ owners appear to have the money to run the club, and invest in the club, and in fact came up with a pow

Gold standard ground boosts Tottenham's income

The gold standard in European football grounds is the Tottenham Hotspur stadium in north London, a £1bn construction project completed in 2019. Its impact on the club’s finances has become increasingly clear as the effects of the pandemic have faded. Previously, the average fan would spend less than £2 inside the ground on a typical match day, but now that figure is about £16, thanks to new facilities including the longest bar in Europe and an on-site microbrewery. Capacity has gone up from 36,000 at the club’s previous home of White Hart Lane to 62,000.  The new stadium — built on land adjacent to White Hart Lane — has opened the door to a broad range of other events that have helped to push commercial income up from €117mn in 2018 to €215mn in 2022. Last year, Tottenham hosted US singer Beyoncé for five nights on her global Renaissance tour, two NFL matches, as well as rugby games and heavyweight boxing bouts.  Money brought in from football has gone up too. Match day income is

Charlton takeover approved

The long awaited takeover of Charlton Athletic by SE7 Partners from Thomas Sandgaard has been approved:  https://londonnewsonline.co.uk/se7-partners-obtain-efl-approval-for-charlton-athletic-takeover/ Charlton have had unhappy experiences with owners for over a decade, so how this works out will remain to be seen.  There is certainly potential there, but will it be realised? This interview with Charlie Methven gives detail not available elsewhere:  https://thecharltondossier.com/charlie-methven-on-the-record/