Olympiacos B.C. (Greek: ΚΑΕ Ολυμπιακός), also known simply as Olympiacos and Olympiacos Piraeus, is a Greek professional basketball club, part of Olympiacos CFP, based in Piraeus, Athens. The basketball club, founded in 1939, is one of the most successful in Greece, a traditional powerhouse of the Euroleague and the current 2011–12 Euroleague champions. They have won ten Greek League titles, nine Greek Cups, two Euroleague championships 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 they played in two more Euroleague 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 US$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, the club returned to the forefront of European basketball reaching the Euroleague Final Four in 2009, ten years after their previous appearance, playing in the Euroleague Final in 2010 and winning the Euroleague in 2012, as well as the Greek League for the first time after 15 years.
Read more about Olympiacos B.C.: Honors, International Record, Biggest Wins in Champions Cup and Euroleague, The Road To The 1997 Euroleague Victory, The Road To The 2012 Euroleague Victory, Olympiacos Against NBA Teams, Seasons, Notable Players, Notable Coaches, Sponsorships