Panathinaikos Athens and head coach Argiris Pedoulakis parted ways on Saturday, following a Top 16 Round 9 home loss by 61-68 to Group E's last-place team coming into the game, Laboral Kutxa Vitoria. The club also announced that team will practice on Monday under the guidance of a club legend, 40-year old Fragiskos Alvertis. The coaching move comes after the Greens have dropped five out of their last six Euroleague game and have a 4-5 record for a share of the fourth place in Group E standings. They had finished 5-5 for fourth place in regular season Group D.
Pedoulakis, a former star player for Panathinaikos, took over last season for the legendary Zeljko Obradovic and brought Panathinaikos to the brink of the Final Four, although it lost Game 5 of the playoffs to FC Barcelona. In domestic competitions, Pedoulakis led the Greens to the only Greek League title and both Greek Cup trophies that he would have a chance to win with them, despite archrival Olympiacos Piraeus being Turkish Airlines Euroleague champion at the same time. In the announcement, the club president Dimitris Giannakopoulos thanked coach Pedoulakis for "taking over the team in a tough period and managed to lead it to three titles. He will always be a distinguished member of the Panathinaikos family."