Olympiacos F.C. - Stadium

Stadium

The Karaiskakis Stadium (Greek: Γήπεδο Γεώργιος Καραϊσκάκης), situated at the Faliro area of Piraeus, Greece, is the traditional and current home ground of Olympiacos. Named after Georgios Karaiskakis, national hero of the Greek War of Independence, it hosts Olympiacos home matches for the most of the club's history.

It was built in 1895 as a velodrome, to host the cycling events for the 1896 Summer Olympics in Athens. Its official name was Neo Phaliron Velodrome (Greek: Ποδηλατοδρόμιο Νέου Φαλήρου) and the pitch was covered with curm. Olympiacos started using it since its foundation in 1925. In 1964, the stadium was renovated, taking its current name and the shape it had until 2003, with an athletics track around the pitch. Being one of the most important sport venues in Greece, it hosted the 1969 European Athletics Championships and the 1971 European Cup Winners' Cup Final between Chelsea and Real Madrid.

The history of the Karaiskakis Stadium and Olympiacos was marked by the worst tragedy that ever hit Greek sports, known as the Karaiskakis Stadium disaster. On February 8, 1981, Olympiacos hosted AEK Athens for a League match, which ended 6–0, in an unprecedented triumph for the host team of Piraeus. During the last minutes of the game, thousands of Olympiacos fans at the gate 7 rushed to the exit, to get to the stadium's main entrance and celebrate with the players, but the doors were almost closed and the turnstiles still in place, making the exit almost impossible. As people continued to come down from the stands, unable to see what happened, the stairs of gate 7 became a death trap; people were crushed, tens of fans were seriously injured and twenty-one young people died, most of them by suffocation.

Olympiacos left the Karaiskakis Stadium temporarily, to play home games at the newly built Athens Olympic Stadium, in 1984. After a five-year use of the biggest stadium in Greece, the team returned to their traditional home, where they played until 1997. It was then that Olympiacos got back to the Athens Olympic Stadium, where they stayed for another period of five years. In 2002, the Olympic Stadium was closed for renovation works due to the 2004 Summer Olympics and Olympiacos moved to the Georgios Kamaras Stadium in Rizoupoli, home of Apollon Smyrnis, for the following two seasons.

The Karaiskakis Stadium had fallen in disrepair and its use was passed to Olympiacos in April 2003; the club took the responsibility to build a new football-only ground in its place, to be used for the football tournament of the 2004 Olympics. In return, Olympiacos got exclusive use of the stadium until 2052, covering all maintenance costs and also paying 15% of revenue to the State. The old stadium was demolished in the spring of 2003 and the whole project was constructed in the record period of 14 months. It was completed on June 30, 2004 at a total cost of €60 million. Nowadays, the Karaiskakis Stadium is one of the most modern football grounds in Europe, also hosting the museum of Olympiacos and several facilities around.