 From the beginning of the 1999–2000 season there were demonstrations by the supporters of Iraklis, asking for the resignation of Theodoridis from his presidential seat and the sale of his stocks.On 11 February 2000 Greek business magnate Evangelos Mytilineos bought the stocks of Theodoridis for a reported 1.18 billion Greek drachmas.On 27 January 2003, two days after a 3–1 away defeat of Iraklis against OFI, Mytilineos gave a press conference in which he announced his withdrawal from Iraklis' affairs, due to his disgust with the establishment of Greek football.