"This is the worst time in Panathinaikos AO modern history. For my family and me personally, Panathinaikos AO will always be a very serious case, as we have already proven with our constant support all these years. I am receiving messages from the millions of Panathinaikos supporters and they can not take it any more. I have decided to support an administration which will bring Panathinaikos out of the current difficult situation and I am personally promising that I will be financially supporting it every year, in ordery to pay out the debt sooner than it was previously expected.
Meanwhile, after contacts with other wealthy supporters and sponsors of Panathinaikos, they promised me that because of our successful cooperation and actual trust, they are intended to help this effort and support the club financially. It is not the time for words, it is time for action. Panathinaikos AO is currently struggling, financially and in sports terms, so everybody who loves the values of the club should work hard in order to bring it back on top. We will also work with the currently existing healthy forces of the team, everybody is useful for our fight", said the Greek businessman at his announcement.