Panathinaikos suffers 2-1 home loss to Levadiakos

Stelios Vasileiou scored in the 38th and 76th minutes to lead

Levadiakos to a 2-1 away victory over Panathinaikos at Athens’

Olympic Stadium in the Greek league on Saturday.

Toche had given Panathinaikos the lead in the 12th.

Both of Vasileiou’s goals came after defensive lapses by French

central defender Jean-Alain Boumsong, who was playing his first

game since September. In the first goal, his weak backward pass to

goalkeeper Orestis Karnezis was intercepted by a grateful Vasileiou

and, then, he tried to dribble past Noe Acosta just outside the

area only to have the ball stolen from him and Vasileiou score off

Acosta’s cross.

Panathinaikos missed several chances, especially in the first

half, but was thwarted by several spectacular saves made by

goalkeeper Dimitris Kyriakidis.

Former powerhouse Panathinaikos, last year’s runner-up, is going

through a financial and corporate management crisis and is having

its worst season ever in the league. It lies ninth, 19 points

behind league leader Olympiakos. The latter hosts Veria on

Sunday.

Panathinaikos’ troubles have split the club’s fans into factions

in support of one executive over another or over former cub owners,

and have also concentrated the fans’ ire on a handful of players.

One of them is veteran defender Loukas Vyntra, whom Boumsong was

called to replace amid fears the home fans would turn against

him.

Boumsong, himself, is trying to get out of his contract, which

expires in 2014. Panathinaikos also wants to get rid of Boumsong’s

two-year, ?1.4 million contract, but with the least financial

damage. Club executives have privately said they can no longer

afford to pay more than ?300,000 per year for any player’s

contract. Vyntra is said to be the only active player with a

contract higher than that who is unwilling to renegotiate it

downward. Argentine forward Sebastian Leto, who is also holding

out, is out for the season with an injury.

Another former powerhouse, AEK Athens, in an even worse

financial bind than Panathinaikos, remains next-to-last after

losing 3-1 at third-place Asteras. Also, Giannena drew 1-1 at

newcomer Platanias.