▁or ▁ Π Α Ε ▁in ▁Greek ). ▁ ▁The ▁Association ▁of ▁Football ▁In cor por ated ▁Comp an ies ▁( E PA E , ▁ Ε Π Α Ε ▁in ▁Greek ), ▁under ▁the ▁super vision ▁of ▁the ▁H FF , ▁has ▁since ▁held ▁the ▁responsibility ▁to ▁hold ▁the ▁championship , ▁with ▁Mak is ▁I th ak is ios ▁being ▁elected ▁its ▁first ▁president . ▁ ▁Initial ly ▁the ▁shares ▁were ▁owned ▁by ▁the ▁sports ▁union ▁to ▁which ▁the ▁football ▁club ▁belonged . ▁Yet ▁soon ▁after , ▁prominent ▁Greek ▁business men ▁( ship own ers , ▁oil ▁magn ates , ▁bank ers ▁etc .) ▁began ▁acqu iring ▁the ▁newly ▁formed ▁PA Es ▁by ▁bu ying ▁the ▁majority ▁of ▁their ▁shares , ▁and ▁then ▁increasing ▁their ▁share ▁capital , ▁thus ▁turning ▁Greek ▁football ▁into ▁a ▁fully ▁commercial ised ▁and ▁highly ▁prof itable ▁business ▁for ▁the ▁dec ades ▁to ▁come . ▁ ▁For ▁a ▁single ▁racing ▁season , ▁ 2 0 0 0 – 0 1 , ▁the ▁championship ▁is ▁renamed ▁" Upper ▁Category ". ▁ ▁R ename ▁ ▁On ▁ 1 6 ▁July ▁ 2 0 0 6 , ▁was ▁founded ▁the ▁cop art ners hip ▁Super ▁League . ▁M embers ▁of ▁the ▁cop art ners hip ▁are ▁the ▁P AE ' s ▁that ▁have ▁the ▁right ▁to ▁particip ate ▁in ▁the ▁professional ▁football ▁championship ▁of ▁the ▁First ▁Division . ▁The ▁main ▁activity ▁of ▁the ▁cop art ners hip ▁is ▁the ▁organization ▁and ▁conduct ▁of ▁the ▁First ▁Division ' s ▁Championship ▁according ▁to