The Athens-based membership got a suspended sentence by means of UEFA’s Membership Monetary Regulate Frame, the panel that oversees the governing frame’s monetary truthful play regulations, in December and instructed that they had till March 1 to settle their unpaid expenses.
On March 19, alternatively, the panel’s investigatory chamber concluded that Panathinaikos had nonetheless now not paid those unspecified money owed, which supposed the December punishment become lively.
In addition to lacking out on Ecu membership soccer for the following 3 seasons, the membership should additionally pay a 100,000 euros (£88,000) wonderful that used to be at the beginning suspended, having already been ordered to pay the same quantity in December.
In a observation, UEFA mentioned the sanction “shall take impact in an instant”.
Nationwide champions 20 occasions, Panathinaikos are Greece’s maximum a success facet in Ecu membership pageant. They have been Ecu Cup runners-up in 1971 and reached the semi-finals of the similar pageant in 1985, once they misplaced to Liverpool, and 1996. This season, alternatively, they went out of the Europa League within the play-off spherical.