The transfer of the shares was completed in July and the management of Panathinaikos passed to the publicly owned company. Since November 2012 Yiannis Alafouzos is the President of the Football Company.
2012 – Time for a publicly owned company
In May Yiannis Alafouzos announced his plan to establish a public owned football company under the name "Panathinaiki Symachia" (Panathinaikos Alliance). The company is going to manage the Club by receiving the majority of the shares held by Vardinoyiannis family (54%) and by registering members.
