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Since the 50s', the club maintains some of the oldest and most successful academies in Greece producing and preparing new footballers for the first team and feeding also the Greek national football team. Panathinaikos F.C. became professional and independent in 1979. They have played their home games in the Apostolos Nikolaidis Stadium – which is considered as their traditional home ground – and the Athens Olympic Stadium.
According to the vast majority of researches and polls, it is the second most popular football team in Greece with the difference behind Olympiacos to be varied between 1% to 6,5% and the difference in front of the third to be fluctuated between 17% to 21% among the fans. The club has million of fans inside Greece and millions of others in the Greek communities all over the world. Panathinaikos FC currently is the only supporter-owned football club in Greece.
They hold a long-term rivalry with Olympiacos and matches between the two teams are referred to as "Derby of the eternal enemies".