Athens: Panathinaikos announces stadium upgrade
source: GreekReporter.com / StadiumDB.com; author: michał
It’s far from the long-anticipated new stadium, but will have to do. In winter the home stadium of Panathinaikos will undergo a significant revamp with capacity increase and canopy modifications.
Panathinaikos president Yannis Alafouzos announced that the existing Leoforos stadium in Athens will undergo a significant improvement. It was already renovated recently, but now new corporate facilities, overall capacity increase and alterations to the roof are planned.
The entire project should last 4 months and will begin in December. This way much of the work can be done during the mid-season break, forcing the club to relocate games for only two months. During works traditionally the national stadium will be used, as it used to be for many games in recent years.
At the same time some less pleasant information for fans was provided. An increase in season ticket prices is planned and for some it may be a major one. While current season ticket holders will see a 10% increase, prices for newcomers will go up by 30%. PAO are also increasing the number of season tickets on sale to 10,000.
According to Alafouzos the pricing change is rational and in line with added value of the matchday experience. Especially that Leoforos will be able to hold international games after the upcoming improvements, which hasn’t been the case for quite some time. Most importantly the increase in price is expected to help repair PAO's dire financial situation.
The latest plan is very modest compared to what Panathinaikos planned a few years back. While there were several schemes under consideration, that called Votanikos Arena got most attention and proceeded to ground works before eventually being scrapped due to insufficient funding.