ˌɔn wˈʌn dᵻsˈɛmbɚ tˈuː θˈaʊzənd sˈɪkstiːn, ˌuːzaʊnˈɪdiz ɐɡɹˈiːd əpˌɑːn ɐ wˈʌnændɐhˈæfjˈɪɹ kˈɑːntɹækt wɪð pɐnˌæθɪnˈeɪkoʊz tə tˈeɪk ˌoʊvɚ ðə vˈeɪkənt mˌænɐdʒˈɪɹiəl ɹˈoʊl æt ðə klˈʌb, ɹˈaɪt ˈæftɚ ðə dᵻpˈɑːɹtʃɚɹ ʌv fˈɔːɹmɚ mˈænɪdʒɚɹ ˈændɹiə stɹˌæmɐksɪˈoʊni.
On 1 December 2016, Ouzounidis agreed upon a one-and-a-half-year contract with Panathinaikos to take over the vacant managerial role at the club, right after the departure of former manager Andrea Stramaccioni.