 The new merged club has no legal connection to the original Iraklis Thessaloniki F.C., but is essentially considered as a direct continuation of it, as it uses the crest of Iraklis Thessaloniki FC, its colours, and incorporates players and people associated with the former Iraklis FC.Therefore, G.S.Iraklis Thessaloniki has no shares of the new company, but instead still holds the 10% of the bankrupt original Iraklis FC company, which remains to be dissolved.