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ANNOUNCEMENT

OLYMPIACOS BC announces that the long-term dispute against Mr. Yannis Ioannides has ended via mediation and the settlement of the amount agreed upon.

OLYMPIACOS BC announces that the long-term dispute against Mr. Yannis Ioannides has ended via mediation and the settlement of the amount agreed upon.

Next, Mr. Ioannides quit his claim with the Professional Sports Committee asking for the forfeit of the bank guarantee issued on behalf of Olympiacos BC in order to facilitate participation with the A1 League.