In the 2007–08 season Panathinaikos played for 49th consecutive time in Greece's top division, Super League. They also competed in UEFA Cup and Greek Cup. Season started with José Peseiro as team manager. In summer of 2007 many players left the club including Igor Bišćan and Víctor Sánchez who hadn't fulfilled the expectations of Panathinaikos' fans with their performance. On the other end the return of Giorgos Karagounis after four years pulled the spotlight and considered one of the most important signings of the 2007 summer transfer window. Panathinaikos also signed Brazilian midfielderMarcelo Mattos from Corinthians, Dame N'Doye from Academica, Josu Sarriegi from Athletic Bilbao and some other players to help the team win its first championship in four years and celebrate the club's centesimal anniversary in the most appropriate way.
The championship began with Panathinaikos collecting seven points in the first three matchdays, having already played two derbies against Olympiacos (0–0) and PAOK (2–0).
Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply. Players may hold more than one non-FIFA nationality.
In:
Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply. Players may hold more than one non-FIFA nationality.
Out:
Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply. Players may hold more than one non-FIFA nationality.
Out on loan:
Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply. Players may hold more than one non-FIFA nationality.
Source: Super League Greece Rules for classification: 1st points; 2nd head-to-head points; 3rd head-to-head goal difference; 4th decision match. According to the official Super League playoff regulation, the position after the playoffs replaces the regular season position. (C) Champions Notes:
^The match of Apollon Kalamarias against Olympiacos, originally ended 1–0 to the home side, but later was awarded to Olympiacos 0–3 by the Greek sports court giving Olympiacos the three points, on the basis that the home side fielded an ineligible player (Roman Wallner). Apollon were deducted by one point.