It currently has 27,560 seats, owing to conversion of terraces to seats in 2000 and a comprehensive renovation before reopening to host football matches for the 2004 Summer Olympics, which was centered in Athens.

On 15 October 1969, the attendance record was set with 47,458 fans present for a FIFA World Cup qualifying match, witnessing Greece defeat Switzerland by a 4–1 score.

The complex has become increasingly dilapidated and derelict following the 2002–2004 renovations, with the stadium being temporarily closed after failed safety inspections concurrently with the Athens Olympic Sports Complex, which includes the Olympic Stadium.

Iraklis temporarily relocated football activities to Chalastra Stadium for the remainder of the 2023–24 season.

It was the host stadium for the 2009 IAAF World Athletics Final.