OFFICIAL: Olympiacos relegated to second division
Following the refusal to play Panathinaikos in the quarter-finals of the 2018/2019 Basket League season, Olympiacos have officially been relegated to the second division.
On Monday, Olympiacos refused to play Panathinaikos in the first match of the Basket League quarter-final series, with the Erythrolefki stating that the regular season standings had illegally been validated. This season, the Piraeus giants had already forfeited the Greek Cup semi-final against Panathinaikos and a Basket League regular season game with the same opponents, and the ESAKE regulations state that three forfeits result in relegation.
It has now been confirmed that Olympiacos have been relegated to the second division, while receiving a fine of 5,000 euros and a six-point deduction from the standings of the 2019/2020 season:
“Olympiacos BC receives a fine of five thousand euros (5,000) while the match in question is awarded to the opponent by a score of 20-0. The club is sanctioned by being eliminated for the rest of the playoffs while receiving a six-point (6) deduction from next season’s standings and a fine of ten thousand euros (10,000). The team’s results this season are voided, non-replaceable and the championship continues with the rest of the participating clubs. The club is placed at the bottom of the standings and is relegated to Second Division.”
Olympiacos co-owner Giorgos Angelopoulos has already made it clear that only youth players will compete in the second division. The organisation is planning on transferring to the ABA League in time for the 2019/2020 campaign.
Their participation in the EuroLeague will not be affected.
Olympiacos are still waiting for the verdict concerning their appeal against the illegal selection of referees for the final round of the Basket League regular season. They have also appealed against the unlawful validation of the standings.