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Deal struck for new Panathinaikos stadium

Greece’s Panathinaikos football club is set to build a new stadium in the western Athens neighbourhood of Votanikos.

Work on the new stadium can start after city officials agreed a deal with the club.

The new stadium 40,000 seater stadium will replace Panathinaikos’ Leoforos Stadium which was inaugurated in 1922 and is the oldest currently operational football stadium in Greece.

The project includes the construction of a 12,500 seat basketball arena, a volleyball stadium, an Olympic-size swimming pool, gymnastic facilities and a large park.

Athens Mayor Kostas Bakoyannis said:

Step by step, Athens is tying up the loose ends of the past. Ambitious growth projects for the city that have been under wraps for decades and are now being put on the path of creation and completion.

Club president Yiannis Alafouzos said:

Today is a historic moment for Panathinaikos. A decades-long dream for the sports club to acquire a home is coming to fruition. The sport club, the heart of the group, will finally acquire the facilities that suit its history as the most diverse club in Greece.

The project is scheduled to be completed in three years.

Image credit: Panathinaikos FC