Acting on a referral by the Euroleague Basketball Management Control Commission (MCC), the independent Finance Panel has issued the following decision:
Finance Panel decision on Olympiacos Piraeus
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• OLYMPIACOS PIRAEUS has been sanctioned with a fine of €10,000 due to not respecting the deadlines established in the Financial Stability and Fair Play Regulations, in accordance with Article 32.c) of the Euroleague Basketball Disciplinary Code.
The procedure was initiated due to the club missing the deadline to provide financial statements.