Asteras Tripolis has become the third club to be kicked out of the Greek Super League in a match-fixing scandal which has rocked the sport and left the top flight reduced to a 13-team competition.
Asteras, fined 300,000 euros ($415,063) by the league's disciplinary committee and relegated to the second division, joins Olympiakos Volos and Kavala who were also ejected from the elite division for their part in the scandal.
Asteras president Giorgos Borovilos was banned from any football activity for the next three years and fined 30,000 euros ($41,506).
Two other Super League clubs, OFI Crete and Giannina, both of whom moved up from the second division last season, were cleared of any wrong-doing.
Asteras has already played four matches this season, taking two points.
The Super League began its season at the end of last month with a reduced schedule and there is no indication as to what will happen to Asteras's results.
Olympiakos Volos and Kavala were eventually demoted to the amateur fourth division by the Professional Sports Commission.
Those two clubs are seeking to overturn that decision in the country's high court Council of State.
The commission said neither club had been able to show they are not still being run by owners who were banned from football for life for their involvement in a match-fixing ring.
The case has swung back and forth all northern summer, with Olympiakos Volos being expelled from the Europa League last month by UEFA.
The Federation overturned a July ruling by the Super League to relegate Olympiakos Volos and Kavala to the second division, although the federation's appeals committee chose to punish the two clubs with points deductions.