 Later on, the club faced financial problems, but members of the club joined forces with another Greek athletic club of the city, called "Olympia".The result of this union was the foundation of a new club on 29 November 1908, called "Makedonikos Gymnastikos Syllogos" (meaning "Macedonian Gymnastics Club"), that gained a permission to operate by the Ottoman authorities.The new club's first president was a Greek doctor, Alkiviadis Maltos.