Genk general manager Dimitri De Conde says that Panathinaikos had extravagant demands for Nikos Karelis.
K.R.C. Genk offered 3.5 million euros for Nikos Karelis but Panathinaikos did not accept the bid. The general manager of the Belgian club admitted that the 23-year-old striker was too expensive for his team to buy: "Till Monday morning, I thought that we were going to clinch the deal but it suddenly became impossible. They thought that we had infinite budget but it doesn't work that way. What is more, we did not want to give more money than the player really deserved" De Conde said.