 Next year Kofidis resigned as manager of a considerably weakened team after Iraklis lost 7 and drew 2 of his first nine games in Greek Super League and additionally was eliminated from the UEFA Cup in extra time by Wisła Kraków.Eventually the 2006–07 season ended in a hard breaking fashion as the team gained its survival to Greek Super League only in the last matchday, after breaking a 39 matches unbeaten home run of Skoda Xanthi.On 13 July 2007, Spanoudakis eventually resigned and the team passed to the hands of a consortium of local businessmen, with prominent Greek singer Antonis Remos (a lifelong fan of the team) as their leader.