In 1937, Kalafatis managed to create a new Panathinaikos team that, during the following year, tried to catch up with already established clubs like the YMCA, Ethnikos G.S. Athens, Panionios, Aris and Iraklis.
En 1937, Kalafatis conseguiu crear un novo equipo equipo do Panathinaikos, que durante o seguinte ano xogou contra clubs xa estabelecidos como o X.A.N. Thessaloniki, o Ethnikos G.S. Athens, o Panionios, o Aris e o Iraklis.