Olympiacos B.C.

Olympiacos B.C.

Basketball Club
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Olympiacos B.C.

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Description:
Olympiacos B.C. (), also known simply as Olympiacos and Olympiacos Piraeus, is a Greek professional basketball club, part of Olympiacos CFP, based in Piraeus. The basketball club, founded in 1931, is one of the most successful in Greece and a traditional powerhouse in European competitions. They have won nine Greek League titles, nine Greek Cups, one Euroleague championship, and one Triple Crown. They play their home matches at Peace and Friendship Stadium.

The first major achievement of Olympiacos in European competitions was their presence in the European Champions Cup semifinal group stage in 1979, but it was in the 1990s that Olympiacos made their biggest mark. They reached the Euroleague final in two consecutive seasons, being the first Greek club that ever played in a Euroleague final, and played in two more final fours, winning the Euroleague title in 1997 and achieving the first Triple Crown for a Greek team. As European champions, they played in the 1997 McDonald's Championship and reached the final of the tournament, where they played against Michael Jordan's NBA champions, the Chicago Bulls.

Under the ownership of the billionaire Greek brothers Panagiotis Angelopoulos and Giorgos Angelopoulos, Olympiacos made a record-transfer in 2008, by signing NBA player Josh Childress, whose $20 million net income contract for three years made him the highest-paid basketball player in the world outside the NBA. After a period of decline in the mid-2000s,...
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