The second most popular and successful team in Greece continuously in the top three finishers in the Greek league and always a worthy opponent in European games making various visits to the Champions League. Their fierce rivals Olympiakos have held the upper hand in recent times but history shows that they have had their share of dominance especially in the sixties when they one no less than six championships.

Their home ground

A young athlete of the sports club Panellinios, Giorgos Kalafatis, who saddened by his club's refusal to form a football team, founded Panathinaikos in 1908 (making 2008 their centenery year) with his older brother Alexander Kalafatis as team president. The name of the club was initially P.O.A. (Podosfairikos Omilos Athinon), meaning "Athens Football Club".

In 1918 it was decided that the official colour of the team would be green so that the players' kits would be standardized and the club's emblem would be the shamrock, an idea of Michalis Papazoglou, a great athlete from
Constantinople who played for the team of Chalkidona, which had the same symbol. The club had its third and final name change in May 15, 1924: P.A.O. (Panathinaikos Athlitikos Omilos - Panathenaean Athletic Club).