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Can anyone wiser than me help comprehend what happened to this team. May 2001 they were relegated from the Alpha Ethniki, May 2002 they were relegated from the Beta Ethniki and May 2003 they got relegated to the Delta Ethniki. Is this some sort of record on how badly a club can be run? I don't think they went bust they just did shit in every division.
 

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Same thing happened to Kastoria in the years beginning 1997 (I think), three straight relegations, they spent 3 years in D' Ethniki then went up to C in 2002-2003, finished 13th, won C in 03-04 and now in B close to promotion..

Its sadly not too uncommon for teams to freefall like this, but lately bankruptcy has been speeding up the matter with some teams which could be a blessing in disguise with a whole new start.

A whole lot of crooks run soccer teams, so that also doesn't help things.
 
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