Panathinaikos BC secures OAKA indoor stadium for 49 years

OAKA Panathinaikos basketball

The government and Panathinaikos Basketball Club are close to reaching an agreement for the continued use of the OAKA indoor stadium.

According to Proto Thema, OAKA, along with its auxiliary facilities, will be granted for the next 49 years to Panathinaikos, which will bear its maintenance and operating costs.

In addition, 30% of the net income from the commercial years will be returned to the Greek State.

At the same time the club is committed to making investments on the stadium which will amount to three million euros in the coming years.

OAKA Panathinaikos basketball

This agreement, which is expected to be implemented in the coming weeks, puts an end to the housing problem of the six-time European champion.

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