The Greek basketball league has canceled its All Star game, saying the country’s ongoing financial crisis is to blame.
The league’s main sponsor, betting company OPAP, has been under pressure to increase its charitable spending because of the crisis and recession in Greece, where unemployment is close to 21 percent.
OPAP, which is partially owned by the Greek state (34 percent stake), has spent millions of euros rebuilding municipal stadiums and playgrounds, in addition to sponsoring the professional basketball and soccer leagues. It is also giving 5 million euros to Greece’s Olympic preparations for the London Games.
The basketball league, ESAKE, and the players’ association, PSAK, on Saturday jointly announced the decision to cancel the March 4 game, saying any available funds should be devoted to the “greater needs of society.”
They thanked the thousands of fans who voted online for All Star candidates. The game historically pits Greek stars versus the league’s international stars. The ballots have been removed from the league’s website.
