Olympiakos defeated Real Madrid 100-88 with a dominant second half display on Sunday to win Euroleague trophy for the second year running after Istanbul.

Olympiakos Pireaus stormed back from a 17-point deficit to defeat Real Madrid 100-88 and retain their Euroleague title in front of over 15,000 fans at London’s O2 Arena.

The Spanish side started strong and held a commanding 27-10 lead after the first quarter, but an 8-0 run for the Greeks at the start of the second period changed the momentum in the final.

Olympiakos trailed 41-37 at half-time before MVP Vassilis Spanoulis stole the show and sent his team on their way.

After a pointless opening two periods, Spanoulis hit three 3-pointers in quick succession and Olympiakos edged in front at 48-45.

The teams were tied at 61-61 after the third period before another 3-pointer from Spanoulis with just over seven minutes remaining put the Greek side up by eight points and in sight of victory.

Spanoulis would sink one more 3-pointer in the dying moments to finish with 22 points, ahead of team-mate Acie Law with 20.

Rudy Fernandez led Madrid’s scoring with 21 points, but they were made to settle for second place in London.

Earlier in the day, CSKA Moscow held on to beat Barcelona 74-73 in the third place play-off.

Two free throws from Aaron Jackson inside the final minute put the Russians one point ahead and their victory was sealed when Barcelona guard Marcelinho Huertas couldn’t connect with the final shot of the match.

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