Olympiacos B.C.

Defending EuroLeague champion Real Madrid have been the first to qualify now in the Final Four phase, eliminating Greek opponents Panathinaikos OPAP in the quarterfinal.

Another week of twin bad losses for Greek teams in the Euroleague saw them slip further at the standings, as Olympiakos lost at Maccabi and Panathinaikos suffered at the hands of Fenerbahce in Turkey.

The Greek basketball giants succumbed to their Spanish hosts in the second set of Euroleague games for the week, as Olympiakos succumbed to holder Real Madrid on Thursday and Panathinaikos went down at Barcelona on Friday.

Tired and without a coach, Panathinaikos suffered an ominous home loss to Armani Milano for the Euroleague on Friday, after Olympiakos predictably defeated visiting Gran Canaria in Piraeus on Thursday.

The Reds completed a clean sweep over the five Spanish teams in the Euroleague, seeing off Gran Canaria 98-77 at the Peace and Friendship Stadium.

Olympiakos and Panathinaikos defeated their Turkish visitors at home this week to improve their position on the Euroleague table ahead of a very demanding week for both.

The Reds beat Efes Pilsen, one of their rivals for a top-four finish, and climbed to seven wins from 12 games. The 88-81 score reveals an entertaining game at the Peace and Friendship Stadium of Piraeus on Thursday.

Olympiakos ended Real Madrid's unbeaten run in the Euroleague beating the European champion at home on Thursday, while Panathinaikos suffered another away loss, this time at Baskonia on Friday.

Both Greek teams are now on five wins from nine games, at the end of a grueling week.

Istanbul clubs got the better of their opponents from Greece in the Euroleague this week, as Olympiakos lost at home to Fenerbahce on Thursday and Panathinaikos went down at Anadolu Efes on Friday.

The Reds suffered their third defeat in a row losing 73-72 in Piraeus to Fener that had Greek international Costas Sloukas score 20 points to decide the game in the visitors' favor.

Olympiakos pushed CSKA all the way in Moscow before going down to the Euroleague favorite on Thursday, but Panathinaikos edged out Buducnost for a much-needed away win on Friday.

Holding CSKA to below 70 points in Russia came close to the miracle that Olympiakos needed to beat the Moscow giant away, but the details worked in the hosts' favor who eventually beat the Greeks 69-65.

Panathinaikos imposed itself on Olympiakos for the second time in the day to win Game 3 of the Basket League finals with a 73-58 score on Sunday and lead 2-1 in the series.

The Greens require one more win in the best-of-five finals to clinch one more league title, with Game 4 set to take place on Thursday in Piraeus.

Olympiakos snatched home advantage in the finals of the Basket League with an imposing performance at the Olympic Sports Hals on Sunday, beating Panathinaikos 75-65 in Game 1 of the best-of-five series.