New capital share capital increase at Panathinaikos, Deal with Kappa announced



A share capital increase, new season ticket idea, and a change in kit manufacturers headline an array of off-field developments at Panathinaikos.

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Share Capital Increase

Club management has announced a five million euro share capital increase, after the most recent Board of Directors meeting which took place on the 3rd of June, 2019.

This has led to 16,666,700 new shares being issued at a nominal value of 0.30 euros per share. Shareholders of the company are required to exercise their pre-emptive right within a 14-day period (17th of June, 2019). Shareholders will have the requisite details in terms of bank account number to deposit funds at Piraeus Bank, where they will need to present their identity card upon any deposit.

Joint FC and BC Season Tickets

According to recent reports from Live Sport, an interesting collaboration between Panathinaikos’ football and basketball clubs is being discussed in relation to the creation of a new season ticket. The talks are preliminary and nothing is set in stone as of yet, but such a plan would benefit both departments, as well as the Amateur Department.

The two sides have begun talks to explore the viability of creating a new season ticket that would enable Panathinaikos fans to attend the respective matches of the football and basketball team (with one single ticket).

Revenue is estimated to surpass 500,000 euros and this would also assist in clearing the debt of the Amateur Department. It is too late to bring this plan into fruition for next season, but it is a possibility as of the 2020-21 season onwards.

Jerseys

The club has officially announced a two-year collaboration with sports kit manufacturer Nike has come to an end. The statement issued thanked Nike for its contributions between 2017-2019.

It has already been announced that the Greens have made the switch to Italian manufacturers Robe Di Kappa (commonly known as Kappa). Panathinaikos have previously worked with the Italians in the 1990’s.

As expected, the Trifylli will sport an all green home jersey for the 2019-20 season. The away jersey will be predominantly white, with a hint of green, and the third kit will be black with green touches. In a more left-field concept, the idea of producing a fourth kit has been discussed. This has begun to happen in the last few years and Kappa see it as an opportunity to make themselves stand out from the crowd. The intention is to recreate an old Kappa jersey worn by Panathinaikos in the 1993-94 season, to mark the 25-year anniversary (this would entail vertical green and white stripes). The kits are officially expected to be unveiled in early July.