Olympiacos B.C.

Olympiacos
Olympiacos logo
NicknameThrylos (The Legend)
Erythrolefki (The Red-Whites)
Kokkini (The Reds)
LeaguesEuroLeague
Greek Basket League
Greek Cup
Founded1931; 93 years ago (1931)
HistoryOlympiacos Piraeus B.C.
(1931–present)
ArenaPeace and Friendship Stadium
Capacity12,700[1]
LocationPiraeus, Greece
Team colorsRed, White
PresidentPanagiotis Angelopoulos
Head coachGeorgios Bartzokas
Team captainKostas Papanikolaou
OwnershipGiorgos Angelopoulos
Panagiotis Angelopoulos
Championships3 EuroLeagues
1 FIBA Intercontinental Cup
1 Triple Crown
14 Greek Championships
12 Greek Cups
3 Greek Super Cup
Retired numbers2 (7, 15)
Websiteolympiacosbc.gr
Third jersey
Team colours
Third

Olympiacos B.C. (Greek: ΚΑΕ Ολυμπιακός Σ.Φ.Π.), commonly referred to as Olympiacos and Olympiacos Piraeus, is a Greek professional basketball club based in Piraeus, part of the major multi-sport club, Olympiacos CFP. The parent club was founded in 1925, with the basketball team created in 1931, and their home ground is the Peace and Friendship Stadium in Piraeus.

Olympiacos has been established as one of the most successful clubs in Greek basketball history and one of the most successful clubs in European basketball, having won three EuroLeagues, one FIBA Intercontinental Cup, one Triple Crown, fourteen Greek League titles, twelve Greek Cups and three Greek Super Cups. As a traditional European powerhouse, Olympiacos have also been six times EuroLeague runners-up and, having played a total of nine finals, they are the Greek club with the most EuroLeague Final appearances. They have also participated in twelve EuroLeague Final Fours.[2]

The first major achievement of Olympiacos in European competitions was their presence in the 1978–79 FIBA European Champions Cup semi-finals group stage, but it was in the 1990s that Olympiacos made their biggest mark. They became the first ever Greek club that reached the EuroLeague Final, being runners-up in two consecutive seasons (1994 and 1995), winning their first EuroLeague title in 1997, after a convincing 73–58 win to Barcelona in Rome, which was a record margin win at the time for one-leg final in the competition's history. In the same season, they achieved the first Triple Crown for a Greek team and as European champions they played in the 1997 McDonald's Championship, where they met in the final the Michael Jordan's NBA champions, the Chicago Bulls. During the 1990s, besides their constant achievements in EuroLeague, also adding a third place in 1999, Olympiacos dominated the Greek Basket League with five consecutive titles, at a time when the Greek championship was considered Europe's best national basketball league. Thus, FIBA declared Olympiacos as the "Best European Team of the 1990s".[3][4]

Olympiacos returned to the very top of European basketball in 2010, when they reached the final against Barcelona in Paris, but mostly in 2012, when they won their second EuroLeague title in Istanbul, by rallying from 19 points down in the championship game, to beat CSKA Moscow 62–61, on the last shot of the game, achieving the greatest comeback in European basketball finals history, and one of the greatest ever seen in European continental basketball. In 2013, Olympiacos won their third EuroLeague title and became the only Greek club and only the third club in European basketball history to be crowned back-to-back European champions in the modern EuroLeague Final Four era, after beating Real Madrid 100–88 in the London final.[5] Later on, Olympiacos won the Intercontinental Cup, celebrating a third international title in 17 months.

Some of the greatest players in European basketball have played for Olympiacos over the years including: Charlie Yelverton, Carey Scurry, Žarko Paspalj, Giorgos Sigalas, Dragan Tarlać, Walter Berry, Panagiotis Fasoulas, Roy Tarpley, Eddie Johnson, Alexander Volkov, David Rivers, Artūras Karnišovas, Dino Rađja, Theo Papaloukas, Alphonso Ford, Tyus Edney, Arvydas Macijauskas, Miloš Teodosić, Nikola Vujčić, Josh Childress, Linas Kleiza, Rašho Nesterović, Kostas Papanikolaou, Kyle Hines, Acie Law, Georgios Printezis and Vassilis Spanoulis. Under the ownership of billionaire Greek brothers Panagiotis Angelopoulos and Giorgos Angelopoulos, Olympiacos made a record transfer in 2008, by signing NBA player Josh Childress, whose US$20 million net income contract for three years made him the highest-paid basketball player in the world ever, outside the NBA.[6]

  1. ^ ΚΑΒΑΛΙΕΡΑΤΟΣ, ΣΠΥΡΟΣ. "ΟΛΥΜΠΙΑΚΟΣ - Οι 12.700 θέσεις στο ΣΕΦ την επόμενη σεζόν και η απαίτηση του Ολυμπιακού να κάνει άμεσα δικό του το Στάδιο". sport24.gr. Retrieved 22 June 2023.
  2. ^ "EuroLeague: Το 11ο Final Four για τον Ολυμπιακό". www.sport24.gr. Retrieved 6 April 2023.
  3. ^ FC Barcelona (5 September 2012). "Olympiacos, from a quiet start to a bold finish". FC Barcelona official website. Archived from the original on 4 March 2016. Retrieved 5 September 2012.
  4. ^ Giannis Fileris (12 May 2015). "Ξεπέρασε τον... Ολυμπιακό" (in Greek). Euroleague Greece official website. Archived from the original on 14 May 2015. Retrieved 12 May 2015.
  5. ^ "Olympiacos repeats as Euroleague champion". EuroLeague official website. Retrieved 14 May 2013.
  6. ^ "Olympiacos Ownership Duo Entices Former NBAer Josh Childress". Sports Business Daily. 13 October 2008. Retrieved 3 March 2009.