Pairoj Piempongsant

The transfer of Panathinaikos soccer club to the Pan Asia fund, led by Thai business man Pairoj Piempongsant, has officially started with club owner Yiannis Alafouzos announcing on Tuesday the signing of the agreement for the first stage of the transaction concerning the first half of his stake.

SOCCER: Thai entrepreneur Pairoj Piempongsant landed in Athens on Friday evening to broker a deal for the takeover of Panathinaikos by the Pan Asia fund with owner Yiannis Alafouzos.

SOCCER: Panathinaikos is refuting press reports on Monday and Tuesday about an approach by the Pan Asia Investments fund and Thai entrepreneur Pairoj Piempongsant, who are said to have offered Panathinaikos owner Yiannis Alafouzos more than 40 million euros for his controlling stake in the Athens club.