 The new owners tried to stabilize the team financially having already paid the debts to Giuseppe Signori (almost 1,000,000 $) and to other players and lenders from the past.However, on 4 May 2011 Iraklis was relegated back to Football League (Greece) after failing to obtain a license to participate in 2011–12 Superleague.On 19 May 2011, the Disciplinary Committee of the competition found Iraklis guilty of forgery during the winter transfer window.