Their new sponsor Soula Alevridou, a stocky 67-year-old woman who owns three luxury brothels, agreed to cover all costs and the players now flaunt pink shorts and T-shirts emblazoned with her brothels' logos, including "Villa Erotica".
"The players couldn't believe it at first but now they're happy about it," Batziolas said, estimating the club needs about 10,000 euros a year to survive.
"The first thing they said to me - half-joking, half-serious - was 'What kind of bonuses will we get?'" he added, laughing.
Voukefalas, named after the horse of Alexander the Great, is not the only ailing club to sign a deal with unconventional sponsors.
On Saturday Voukefalas, which is fighting a ban by local league organizers to wear the jerseys at matches, played against Hercules, a team sponsored by the All Day Bar, an escorts bar.
Further north in the city of Trikala, the Palaiopyrgos club - many of whose players still attend school - have signed a deal with a funeral home.
"For us it was a matter of survival," manager Lefteris Vassiliou told Greek radio, saying the team had not been able to secure any sponsorship since Europe's debt crisis erupted here three years ago.
Despite the macabre attire - black jerseys with the undertaker's logo and a large white cross down the middle - Vassiliou said the players had taken it well, and it had even given them an advantage over their opponents.