After a season of discontent, Olympiakos attacker Peter Philipakos has mutually agreed to part ways with the club.
"Pete is no longer an Olympiakos player," co-agent and brother Ted Philipakos told YA on Monday afternoon. "The agreement was signed this morning, and he is now free to sign for another club."
The New York native arrived at Piraeus in the summer of 2004 after fiscal troubles forced AEK Athens to shed his contract.
He made six first team appearances for the first team during the 2004/2005 season, including a UEFA Cup debut against Newcastle, and gave fans a hint of what he could offer with a dazzling overhead assist late in their title run.
Philipakos had an option to extend taken up by Olympiakos, but things turned sour early this term after Bajevic exited after raising league silver.
The youngster was reportedly involved in a training row with new boss Trond Sollied and dropped out of the side to practice alone.
On Monday, player and team finally decided to go their separate ways, but the grateful Philipakos has no intention of looking back in anger.
"I would just like to thank certain people at Olympiakos," the right midfielder told YA. "I would like to thank the club administration for always treating me very well in my time at the club, and for handling this situation as well as they could."
"I would like to thank everyone who works at [Olympiakos training ground] Renti, and I especially would like to thank my teammates, who have always supported me."
"I'm taking only the positives with me," insisted Philipakos. "It was a great experience to play with these players and to play for Dusan Bajevic, an great manager who gave me the opportunity to start my career at a big club.
"I would have liked to continue what I started last season, but I was never given the opportunity by the new manager."
"It is not easy to leave a club like Olympiakos," admitted the 22-year old. "But I have the confidence necessary to move on."
Ted Philipakos was a bit disappointed to see his brother's time at the club end unceremoniusly, but he is more focused on finding a new destination for his client.
"Its a shame that the only solution was to part ways," he said. "Unfortunately, the new manager never intended on including Peter. He made this clear straight away when he played Peter a total of 45 minutes in 13 preseason friendlies, which is absolutely outrageous."
"Peter is ready to move, and now we're working to make that happen in the best way possible."
[note]YA's Chad Winger also contributed to this report[/note]