Panathinaikos fined and taken away two wins by EuroLeague / News - Basketnews.com

Panathinaikos have been fined and taken away two wins from this year's regular season tally for violating Financial Fairplay rules several seasons ago. It won't have an impact on the final standings and PAO are already out of the Top 14, which gets rewards for sporting achievements in the competition.

Credit: Vangelis Stolis Credit Vangelis Stolis

The EuroLeague has announced that Panathinaikos Athens have been punished for violating Financial Fairplay rules.

Free throws this season

74%16,1Points made:16,1Accuracy:74,2%Place in standings:4Record max:26Record min:5Most made FTs:Dwayne BaconTeamEuroLeagueStatisticsSchedule

According to the league's official announcement, the Greek organization has been fined an unspecified amount of money, and two wins were taken off the club's tally.

The period of infraction dates back 3-4 years and impacts mostly the seasons when COVID-19 struck the league the most, i.e. 2019-20 and 2020-21.

The two-win sanction will not have a significant impact on the final standings. With Panathinaikos already being outside the Top 14 zone for which the performance rewards are being distributed by the league, the club will finish the season in 17th place.

PAO's last game of the regular season is scheduled against Partizan Mozzart Bet Belgrade in Stark Arena. Panathinaikos will play without Matt Thomas and Paris Lee.

Panathinaikos have been reportedly interested in acquiring Luca Vildoza in the upcoming offseason. Head coach Pablo Laso has been linked with the organization as well.

EuroLeague press release:

Panathinaikos Athens and the Management Control Commission (MCC) have reached a settlement agreement that will impose upon the Greek club both sports and economic sanctions in accordance with Articles 7 and 8 of the EuroLeague Financial Stability and Fair Play Regulations and with Article 60 of the Euroleague Basketball Disciplinary Code. The sports sanction will consist of a deduction of two victories from the team's total in the current season's standings.

The Management Control Commission (MCC) is an independent commission that reviews the financial performance of the clubs and their compliance with the relevant regulations.

When imposing the sanction, the MCC has positively evaluated the cooperative behavior and openness of the club during the monitoring process.

The sports sanction, a two-game victory deduction, will be applied to the final 2022-23 Turkish Airlines EuroLeague Regular Season standings and will have no direct effect on any opposing team nor on individual and team statistics or records.

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