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Rafa Benitez signs record contract with Panathinaikos for 17th managerial role

October 24, 2025
1 min read
Rafa Benitez signs record contract with Panathinaikos for 17th managerial role

Rafa Benitez Takes Helm at Panathinaikos

Rafa Benitez has returned to football management in spectacular fashion, securing a groundbreaking deal with Greek giants Panathinaikos, reports BritPanorama.

The 65-year-old has signed a two-and-a-half-year contract worth between £3.5million and £4.4million annually, comfortably making him the highest-paid manager in Greek football history.

Benitez will take charge of his first match this Sunday at home against Asteras Tripolis, marking his return after an absence from management since departing Celta Vigo in March 2024. This new role represents the Spaniard’s 17th managerial position in a notable career.

The former Liverpool and Chelsea manager holds an impressive pedigree, having previously overseen teams such as Valencia, Inter Milan, Real Madrid, and Napoli. His trophy cabinet includes two LaLiga titles, a Champions League triumph with Liverpool, and Europa League success at Chelsea.

Currently, Panathinaikos sit in seventh place in the Greek Super League, trailing leaders PAOK by eight points, although they have a game in hand. The team has lost only once in six league matches this season, yet three draws have hindered their pursuit of a better position.

In addition to domestic league challenges, the club is also competing in the Europa League, where they faced a setback with a 3-1 defeat to Feyenoord on Thursday night. Following Sunday’s league encounter, Benitez will lead the team in a cup match away at Atromitos on Wednesday.

Panathinaikos have not clinched the league title since 2010, when Djibril Cisse was their top scorer. President Yiannis Alafouzos has tasked Benitez with bringing an end to this 15-year title drought, while the club has broader ambitions tied to their planned move to a new state-of-the-art stadium in Votanikos set for 2027.

Historically, Panathinaikos has a noteworthy European heritage, having reached the 1971 European Cup final at Wembley, where they were defeated 2-0 by Ajax. They also made it to the Champions League semi-finals in 1996 and the quarter-finals in 2002.

Club chief Franco Baldini and Alafouzos identified Benitez as their top target, and the Spaniard flew to Athens via private jet on Thursday to finalise the deal. He had been out of work for over a year following a challenging tenure at Celta Vigo, where he managed only nine victories from 33 matches.

His recent stint in England at Everton was marked by similar difficulties, with just seven wins from 22 games. Speaking in September about his future, Benitez expressed a desire to continue coaching, saying, “Sometimes to be described as ‘a legend’ is very nice, but also complicated. It is bad for a coach to be seen as retired… I do not want people to think I am finished. I am still evolving.”

As Benitez steps into this new chapter, one cannot help but sense the weight of expectation resting on his shoulders. In football, as in life, redemption often comes with its own set of challenges, and how he navigates this return to management will be a story worth following.

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