European Record
In 2003, the club was crowned with its first European title after winning the newly established Regional Challenge Cup (South Conference). AEL clinched the title with the astonishing record of 10 victories in 10 games. The victory signalled the beginning of the team's European success.
After winning the Regional Challenge Cup, AEL participated as Cypriot champions the following year in the new FIBA EuroCup and qualified from the group phase to the best of 16. In the group phase, AEL eliminated Peristeri and Paris Basket Racing. The club was eliminated in the round of 16 by Hapoel Tel Aviv.
AEL came close to repeat their achievement in the same competition in 2004-05.
In 2005-06 (when the competition changed format) AEL passed the first group round by finishing second, eliminating PAOK BC and Kallev Tallinn and reaching the second round (round of 16). The team finished last in the group.
The effort to reach the quarter finals was achieved in 2006-07 even though during this time AEL faced tougher opponents than the previous years. Being in a group (in the first round) with former European Champions Virtus Bologna, ASVEL Lyon-Villeurbanne and Astronauts Amsterdam, very few believed that AEL had a chance to qualify. However, the club achieved the unexpected and after the surprise victory against Virtus Bologna with a score 88-83 and the home win against the French giants Villeurbanne 84-58, AEL finished second in Group 2 and qualified to the second round with four wins and two losses.
Unlike the previous year when AEL finished with 0 points in the second round, being in the same group with CB Estudiantes, Liege Basket and BC Šiauliai, they finished second with 5 victories and 1 defeat - tied with the Estudiantes because of the matches between them. AEL beat Estudiantes 63-62 in order to reach the quarter finals. The club reached the quarter finals but the dream to reach the Final Four didn't become true after they were eliminated by the Ukrainian team Azovmash 2-1 in victories. AEL won at home 85-79 but was beaten away 88 - 63 and 97 - 69.
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