1. Introduction: Athens Divided
Athens, the cradle of Western civilisation, is a city steeped in history. Its ancient ruins whisper stories of democracy, philosophy, and mythology, drawing visitors from across the globe. Yet, for the people of this vibrant metropolis, the true heart of the city beats not in the columns of the Parthenon, but in the stadiums of Olympiacos and Panathinaikos. The modern incarnation of Athens is not only defined by its historical significance but also by its pulsating football culture—a culture that has, over the years, woven its way into the very fabric of Athenian life.
To understand Athens is to appreciate this deep-rooted rivalry, known as the Eternal Derby. Olympiacos and Panathinaikos are not just football clubs; they are symbols of the city’s complex identity, representing different social, political, and geographical divides. The derby between these two giants is not merely a game—it is a battleground, where pride, passion, and local allegiance come to the fore, and where the outcome resonates far beyond the confines of the football pitch.
This derby, contested between Olympiacos, from the port city of Piraeus, and Panathinaikos, based in central Athens, is among the fiercest rivalries in European football. Unlike many other derbies, which tend to be local affairs, the Athenian Derby has national significance, drawing attention from all corners of Greece. The clash has long held a place in the hearts of football fans, comparable to other storied encounters such as El Clásico in Spain, the Old Firm in Scotland, or the Superclásico in Argentina. Yet, in Athens, the match takes on a life of its own, characterised by a feverish intensity that spills out into the streets, from the narrow alleyways of the capital to the open expanse of Piraeus’ harbour.
The Eternal Derby is not defined solely by the football on display. While the action on the pitch has produced moments of brilliance and drama, it is the passion of the supporters that elevates this fixture to its legendary status. The fans, divided along lines that go beyond the sporting arena, are as integral to the spectacle as the players themselves. For 90 minutes, the stadiums become cauldrons of noise and colour, with Olympiacos’ Gate 7 and Panathinaikos’ Gate 13 supporters creating a charged atmosphere that few rivalries can match. Flares light up the stands, banners are unfurled, and chants echo long after the final whistle has blown.
But the derby is not just a spectacle of footballing theatre—it is a reflection of the city’s soul, a contest born out of differing ideologies and social backgrounds. Olympiacos, the pride of the working-class communities of Piraeus, represents the industrious spirit of the port city. Its identity is grounded in hard work, resilience, and a defiance that mirrors the struggles of its fans. Panathinaikos, on the other hand, draws its support largely from the upper-middle-class neighbourhoods of central Athens. The club’s followers, often seen as more affluent and intellectual, regard themselves as the embodiment of tradition and prestige, aligning with the historic and cultural wealth of Athens itself.
This clash of cultures, both on and off the pitch, has made the Eternal Derby much more than just a football match. It is a statement of identity, a representation of who the people of Athens are and what they stand for. Every tackle, every goal, every roar from the terraces carries the weight of decades of history, pride, and rivalry. And as the city divides itself in red and green, there is a sense that the stakes are always high—too high, at times, for it to be just another derby.
Athens may be a city of ancient ruins and classical beauty, but on derby day, it transforms into a battleground where football reigns supreme. For fans of Olympiacos and Panathinaikos, this is not simply about winning or losing—it’s about affirming a way of life, about laying claim to the heart of Athens. And as the Eternal Derby continues to ignite the passion of the city, it serves as a reminder that football, in its rawest form, is about much more than just a game.
2. Historical Context: A Rivalry Born from Different Ideals
The roots of the Athenian Derby run deep, extending far beyond the footballing world and into the complex social and political tapestry of 20th-century Greece. Olympiacos and Panathinaikos, two clubs now synonymous with the fierce rivalry that defines Greek football, were born from vastly different beginnings. These differences have not only shaped the way the clubs play but have also forged an enduring rivalry that transcends the pitch, creating a deep divide between their supporters and imbuing every derby with a unique intensity.
Olympiacos: The Pride of Piraeus
Founded in 1925 in the bustling port of Piraeus, Olympiacos quickly established itself as a club representing the working-class communities of Greece’s largest harbour. Piraeus, separated from the grandeur of central Athens, was a hub of industrial activity, home to dockworkers, merchants, and labourers whose daily grind was reflected in Olympiacos’ ethos. The club’s founders wanted to create an institution that symbolised the resilience and fighting spirit of the port, and thus, Olympiacos became a beacon for the underprivileged and hardworking citizens of the area.
The club’s name, Olympiacos, was chosen to evoke the ancient ideals of strength and nobility, drawing on Greece’s classical past. Yet, from the start, it was clear that this club was for the people. Olympiacos rapidly grew in popularity, offering a sense of identity and community to the inhabitants of Piraeus, many of whom were refugees from Asia Minor, displaced by the Greco-Turkish War in the early 1920s. For these new arrivals, Olympiacos was more than just a football team—it was a symbol of hope and a source of pride, giving them something to rally around in difficult times.
Panathinaikos: The Elite of Central Athens
By contrast, Panathinaikos, founded in 1908, had already established itself as the footballing power of central Athens. The club was born out of a desire to create a sporting institution that reflected the sophistication and grandeur of the capital. Panathinaikos positioned itself as the club of the city’s elite, with its early supporters drawn from the upper-middle class and the educated intellectuals of Athens.
While Olympiacos represented the grittier, industrial side of Greek life, Panathinaikos embodied the cultural and intellectual heart of the nation. The club was built on tradition, reflecting the historical importance of Athens as a centre of learning, art, and politics. Its supporters, often perceived as wealthier and more cosmopolitan than their counterparts in Piraeus, took pride in the fact that Panathinaikos was one of the oldest and most prestigious clubs in the country. For them, supporting Panathinaikos was not just about football—it was about upholding the legacy and status of Athens itself.
The Political Divide: Ideologies in Conflict
As the clubs grew in stature, the rivalry between Olympiacos and Panathinaikos became more than just a sporting contest. The differences in their socio-economic foundations gave rise to a political dimension that has only intensified over the years. Olympiacos, with its roots in the working-class communities of Piraeus, became closely associated with left-leaning ideologies. During the mid-20th century, particularly during the political upheavals of the Greek Civil War (1946–1949) and the years of the military junta (1967–1974), Olympiacos’ fan base became a stronghold for those opposed to authoritarianism and fascism.
On the other hand, Panathinaikos, with its historical ties to the upper class and its base in the affluent areas of central Athens, was often seen as the club of the political establishment. Its supporters, more conservative in their outlook, were viewed as aligned with the ruling powers of the time, particularly during Greece’s more turbulent political periods. This political divide added a layer of tension to the rivalry that remains to this day, with each set of fans seeing the other not only as footballing rivals but also as representatives of opposing ideologies.
Early Clashes: The Birth of a Fierce Rivalry
The first official matches between Olympiacos and Panathinaikos took place in the late 1920s and early 1930s, at a time when Greek football was still in its infancy. Even then, it was clear that this rivalry was something special. The early encounters were fiercely contested, with both clubs eager to assert their dominance not just over the city, but over the entire Greek football landscape.
As the clubs traded victories, the rivalry grew in significance, with each match taking on more importance as the stakes rose. By the 1940s, the Athenian Derby had already established itself as the marquee fixture in Greek football. These were not just games; they were battles for supremacy, where bragging rights meant everything. Every victory for Olympiacos was a win for the working class of Piraeus, while every Panathinaikos triumph was seen as a reaffirmation of the club’s elite status in central Athens.
The War Years and the Post-War Boom
The Second World War and the subsequent Greek Civil War interrupted the footballing calendar, but when play resumed, the rivalry between Olympiacos and Panathinaikos picked up with renewed fervour. By the 1950s and 1960s, Greek football had entered a golden era, with both clubs firmly establishing themselves as the dominant forces in the domestic league. Panathinaikos enjoyed a period of unparalleled success during the 1960s, winning multiple league titles and famously reaching the final of the European Cup in 1971, becoming the first Greek club to achieve such a feat.
Olympiacos, though trailing Panathinaikos in European success, remained the dominant domestic force, frequently clashing with their rivals in high-stakes league and cup matches. The rivalry had now grown into a national obsession, with fans across Greece taking sides. The contrasting styles of play, with Olympiacos known for their physicality and directness and Panathinaikos for their flair and tactical discipline, only added to the drama.
3. The Rise of the Rivalry: Major Clashes in the Early Years
As Olympiacos and Panathinaikos began to dominate Greek football in the mid-20th century, their encounters became the centrepiece of the sport in Greece. While the historical and political backdrop laid the foundation for their rivalry, it was on the pitch that their animosity was truly realised. The early matches between the two clubs were characterised by passion, intensity, and often controversy—hallmarks of a rivalry that would only grow stronger as the years passed.
First Major Encounters
The initial clashes between Olympiacos and Panathinaikos in the 1930s were a prelude to what would become a defining fixture in Greek football. The early matches were fiercely contested, with Olympiacos’ physical style often clashing with the more technical approach favoured by Panathinaikos. These early meetings laid the groundwork for a rivalry that would transcend mere football, as both clubs sought to assert their dominance over Athens and, by extension, the entire Greek football scene.
One of the earliest significant encounters came in 1932, when Panathinaikos secured a hard-fought 2-1 victory over Olympiacos in the Greek Cup semi-final. This victory not only propelled Panathinaikos to the final but also signalled their intent to challenge Olympiacos’ growing dominance. The following years would see both clubs trading victories, with each match becoming more significant than the last.
Panathinaikos’ Golden Era in the 1960s
The 1960s were a period of great success for Panathinaikos. Under the guidance of influential figures such as Mimis Domazos and Takis Loukanidis, Panathinaikos established themselves as one of the pre-eminent forces in Greek football. Domazos, often referred to as the ‘General’ for his commanding presence in midfield, was the heart and soul of Panathinaikos during this period. His leadership and vision on the pitch helped Panathinaikos secure multiple league titles and, most famously, a place in the 1971 European Cup final.
During this golden era, Panathinaikos’ encounters with Olympiacos took on added significance. Every derby was not just a chance to claim local bragging rights but also an opportunity to assert themselves as the dominant force in Greece. In 1964, Panathinaikos recorded one of their most famous victories over Olympiacos, a 4-0 demolition that remains one of the largest margins of victory in the derby’s history. This match, played in front of a frenzied crowd at the Apostolos Nikolaidis Stadium, is still remembered fondly by Panathinaikos supporters as a defining moment of their dominance in the 1960s.
Olympiacos’ Response in the 1990s
While Panathinaikos enjoyed success in the 1960s and early 1970s, Olympiacos would not be outdone for long. The 1990s saw Olympiacos reassert their dominance over Greek football, thanks in large part to the arrival of manager Dusan Bajevic and a squad brimming with talent. The likes of Predrag Djordjevic, Giorgos Georgiadis, and Alexandros Alexandris helped Olympiacos secure a string of league titles, while their performances in the derby cemented their status as the premier club in Greece once more.
Olympiacos’ 4-1 victory over Panathinaikos in 1998 is often regarded as a turning point in the modern era of the rivalry. Played at the Karaiskakis Stadium, this match saw Olympiacos dismantle their rivals in a display of attacking football that left Panathinaikos shell-shocked. It was a statement win, one that announced Olympiacos’ return to the summit of Greek football and set the tone for their dominance in the early 2000s.
4. Tales of Passion: The Fan Cultures
One cannot truly understand the significance of the Athenian Derby without acknowledging the role of the supporters. The rivalry between Olympiacos and Panathinaikos is as much about the fans as it is about the players on the pitch. Both clubs boast some of the most passionate and devoted supporters in Europe, and the energy they bring to the derby is unmatched. The matchday atmosphere is electric, with both sets of fans determined to outdo each other in their displays of loyalty and fervour.
The Gate 7 Tragedy
Tragically, the rivalry has not been without its dark moments. One of the most harrowing events in Greek football history occurred in 1981, following a match between Olympiacos and AEK Athens. The Gate 7 disaster, named after the section of the Karaiskakis Stadium where the tragedy occurred, saw 21 Olympiacos fans lose their lives in a crush as they attempted to exit the stadium. Though not directly linked to a Panathinaikos match, the disaster is an indelible part of Olympiacos’ history and has added an emotional layer to the rivalry.
For the fans of Olympiacos, the memory of the Gate 7 tragedy is ever-present. Each derby is played not only for the glory of the club but also in remembrance of those who lost their lives that day. The supporters in Gate 7, the most vocal and dedicated section of the stadium, are seen as the heart of Olympiacos, and their passion and dedication are unmatched.
Gate 13 and the Green Supporters
Not to be outdone, Panathinaikos’ Gate 13 is one of the most passionate supporter groups in Europe. Established in 1966, Gate 13 has become synonymous with the vibrant and often chaotic atmosphere at Panathinaikos’ home matches. The group is known for its pyrotechnics, large banners, and relentless chanting, creating an intimidating environment for visiting teams.
On derby day, Gate 13 transforms the Apostolos Nikolaidis Stadium into a fortress. The fans are relentless, driving their team forward with an intensity that few clubs can match. The rivalry with Olympiacos is central to their identity, and for many Panathinaikos supporters, victory in the derby is the ultimate prize.
Pyrotechnics, Banners, and Chants
The atmosphere at an Athenian Derby is unlike any other. The match is played amidst a sea of red and green, with flares lighting up the stands and the air thick with smoke. The chants of both sets of fans echo through the stadium, each group trying to outdo the other in volume and passion. Banners displaying the colours and slogans of the clubs are draped over the stands, adding to the spectacle.
In recent years, these displays of support have become even more elaborate, with supporters using tifo displays—large-scale visual choreographies—to express their devotion to their clubs. The derby has become as much a contest between the fans as it is between the players, with each side vying to prove that they are the true heartbeat of Athens.
5. Legendary Matches: Defining Moments in the Derby’s History
Over the years, the Athenian Derby has produced countless unforgettable moments. These matches, often fraught with tension and drama, have shaped the history of Greek football and cemented the rivalry between Olympiacos and Panathinaikos as one of the fiercest in Europe. From controversial refereeing decisions to last-minute goals, the derby never fails to deliver high drama.
The 1996 Greek Cup Final
One of the most memorable encounters between Olympiacos and Panathinaikos came in the 1996 Greek Cup final. The match, played at the Olympic Stadium in Athens, was a thrilling affair that saw both teams trade blows in an evenly contested battle. With the scores level at 1-1 heading into the final moments, Olympiacos striker Alexandros Alexandris scored a dramatic winner, sending the red half of Athens into ecstasy. The victory not only secured the Cup for Olympiacos but also served as a powerful statement of intent, as they looked to reassert their dominance in Greek football.
Panathinaikos’ 3-0 Triumph (2014)
For Panathinaikos, one of their most famous victories over Olympiacos came in 2014, when they secured a stunning 3-0 win at the Karaiskakis Stadium. Olympiacos, heavy favourites going into the match, were left stunned by Panathinaikos’ disciplined and clinical performance. Goals from Marcus Berg, Mehdi Abeid, and Nikos Karelis secured a famous victory for the Greens, one that Panathinaikos fans still celebrate to this day.
Olympiacos’ 4-0 Demolition (2017)
In 2017, Olympiacos exacted their revenge with a 4-0 demolition of Panathinaikos at the Karaiskakis Stadium. The match was a one-sided affair, with Olympiacos dominating from start to finish. Goals from Marko Marin, Brown Ideye, Kostas Fortounis, and Sebá left Panathinaikos reeling and firmly established Olympiacos’ superiority in the derby during that period.
6. The Managers: Architects of the Derby’s Biggest Battles
Over the years, the Athenian Derby has been shaped by the managers who have stood on the touchlines, masterminding their team’s strategy and guiding their players through the cauldron of derby day. Some of the greatest tacticians in Greek football history have been involved in this fixture, and their influence has often been the difference between victory and defeat.
Dusan Bajevic (Olympiacos)
Dusan Bajevic, one of the most successful managers in Greek football history, played a pivotal role in Olympiacos’ resurgence during the 1990s. Bajevic, a Yugoslav international who had previously managed AEK Athens, brought a disciplined, attacking style to Olympiacos that saw them dominate Greek football for much of the decade. Under Bajevic, Olympiacos won multiple league titles and regularly bested Panathinaikos in derby matches, with his tactical nous often proving decisive.
Fernando Santos (Panathinaikos and later Greece)
Fernando Santos, who would later lead the Greek national team to European glory, also played a significant role in shaping the Athenian Derby during his time in charge of Panathinaikos. Santos’ teams were known for their defensive solidity and tactical discipline, and under his leadership, Panathinaikos were able to frustrate Olympiacos in several key encounters. Santos’ pragmatic approach to derby matches often saw Panathinaikos adopt a more cautious, counter-attacking style, a tactic that brought them success on several occasions.
Modern Masters: Pedro Martins and Ivan Jovanović
In recent years, managers like Pedro Martins at Olympiacos and Ivan Jovanović at Panathinaikos have continued to influence the derby. Martins, a Portuguese tactician, has brought a more modern, pressing style to Olympiacos, while Jovanović has emphasised organisation and resilience at Panathinaikos. The tactical battles between these two managers have added another layer of intrigue to the rivalry, with both men acutely aware of the importance of winning on derby day.
7. Tactical Battles: How Styles Have Evolved Over the Years
The tactical battles between Olympiacos and Panathinaikos have evolved significantly over the years, with both clubs adapting their styles to match the changing demands of modern football. While the early years of the rivalry were characterised by physical, direct football, the Athenian Derby has increasingly become a showcase for tactical innovation and strategic nous.
Olympiacos’ Attack vs. Panathinaikos’ Defence
Historically, Olympiacos have been known for their aggressive, attacking style of play. The club’s philosophy has always been to take the game to their opponents, utilising pace and power to overwhelm defences. This approach has often seen them dominate possession and create numerous chances, particularly in the derby, where their fans demand nothing less than total commitment on the front foot.
Panathinaikos, by contrast, have traditionally adopted a more cautious approach in the derby, particularly when playing away from home. Their emphasis has been on defensive solidity and organisation, often looking to hit Olympiacos on the counter-attack. This contrast in styles has led to some fascinating tactical battles over the years, with Olympiacos trying to break down Panathinaikos’ disciplined backline, while Panathinaikos look to exploit any gaps left by Olympiacos’ forward surges.
Key Tactical Shifts
The Athenian Derby has not been immune to the tactical revolutions that have swept through football in recent decades. In the 1990s, the introduction of pressing football—where teams look to win the ball high up the pitch—began to influence the way both Olympiacos and Panathinaikos approached the game. Under coaches like Bajevic and later Michel, Olympiacos became adept at pressing their opponents into mistakes, while Panathinaikos, under the guidance of managers like Fernando Santos, focused on compact defensive structures designed to absorb pressure.
More recently, Olympiacos under Pedro Martins have embraced a more possession-based style, using quick transitions and width to stretch their opponents. Panathinaikos, too, have adapted, with managers like Jovanović implementing more flexible systems that allow for greater fluidity in attack, without compromising on defensive shape.
8. The Stars of the Derby: Heroes and Villains
A football rivalry as fierce as the Athenian Derby naturally creates legends on both sides. Over the years, Olympiacos and Panathinaikos have produced heroes whose performances in the derby have cemented their places in club folklore. Likewise, some players have crossed the line between the two clubs, earning themselves a reputation as villains. Whether through moments of brilliance, controversy, or sheer determination, these players have left an indelible mark on the history of the derby.
Antonis Nikopolidis: From Hero to Traitor
Perhaps the most infamous figure in the modern history of the Athenian Derby is goalkeeper Antonis Nikopolidis. Widely regarded as one of Greece’s greatest-ever goalkeepers, Nikopolidis was a Panathinaikos icon throughout the 1990s and early 2000s. His commanding presence between the posts and leadership on the pitch made him a fan favourite at the Apostolos Nikolaidis Stadium, where he was considered a symbol of the club’s success.
However, in 2004, Nikopolidis made a move that would forever change how he was viewed by Panathinaikos supporters. After falling out with the club’s management, Nikopolidis made the controversial decision to join Olympiacos, the bitterest of rivals. The transfer sent shockwaves through Greek football, and Nikopolidis was instantly branded a traitor by the Green faithful. Despite the animosity, Nikopolidis went on to enjoy great success with Olympiacos, winning multiple league titles and becoming a key figure in the derby. His decision to switch allegiances may have cost him his hero status at Panathinaikos, but it also solidified his place as one of the derby’s most intriguing and divisive figures.
Giorgos Karagounis: The Heart of Panathinaikos
In contrast to Nikopolidis, Giorgos Karagounis remains a revered figure in Panathinaikos history, especially for his performances in the Athenian Derby. Known for his tenacity, leadership, and all-action style of play, Karagounis embodied the spirit of Panathinaikos during his playing days. A tireless midfielder with an eye for a crucial goal, Karagounis often saved his best performances for the derby, where his passion and commitment inspired his teammates and endeared him to the fans.
Karagounis’ love for Panathinaikos was evident every time he pulled on the green shirt, and his contributions in derby matches, both in terms of goals and leadership, remain legendary. Even after his departure from the club, Karagounis is still held in the highest regard by Panathinaikos fans, many of whom view him as the ultimate symbol of loyalty and dedication.
Giovanni and Rivaldo: Olympiacos’ Brazilian Flair
During the early 2000s, Olympiacos benefitted from the services of two of Brazil’s most talented footballers: Giovanni and Rivaldo. These two South American stars brought a touch of glamour and flair to the derby, dazzling fans with their technical ability and moments of brilliance.
Giovanni, an attacking midfielder known for his creativity and vision, became a fan favourite at Olympiacos thanks to his skillful dribbling and knack for scoring important goals in derby matches. His ability to unlock defences with a moment of magic made him a nightmare for Panathinaikos defenders and ensured his place as one of Olympiacos’ most beloved players.
Rivaldo, one of the greatest players of his generation, joined Olympiacos after a glittering career that included winning the 1999 Ballon d’Or. Despite being in the twilight of his career, Rivaldo’s influence on the derby was immense. His performances in the big matches, including his deadly free-kicks and stunning long-range strikes, made him a pivotal figure in Olympiacos’ dominance during the mid-2000s. Rivaldo’s contributions in the derby were nothing short of spectacular, and his presence on the pitch elevated the fixture to new heights.
The Villains: Derby Controversies and Red Cards
No derby is complete without controversy, and the Athenian Derby has seen its fair share of flashpoints. Over the years, several players have earned the ire of the opposing fan base for their actions in derby matches, whether through reckless challenges, inflammatory celebrations, or controversial goals.
One such incident occurred in 2010, when Panathinaikos striker Djibril Cissé, known for his flamboyant personality and goalscoring prowess, found himself at the centre of a storm. After scoring a late winner in a heated derby, Cissé’s overzealous celebration in front of the Olympiacos supporters nearly sparked a full-blown riot. The Frenchman’s exuberance inflamed the tension, and the match descended into chaos, with scuffles breaking out both on and off the pitch.
Similarly, Olympiacos midfielder Vasilis Torosidis earned himself villain status with Panathinaikos fans after a controversial red card incident in 2009. Torosidis, known for his combative style, was sent off following a reckless challenge in a fiercely contested derby. His dismissal sparked outrage among Panathinaikos players and fans, adding fuel to an already volatile atmosphere.
These moments of controversy have only served to heighten the intensity of the derby, reinforcing the idea that in the Athenian Derby, there are no half-measures—every action is scrutinised, and every mistake is magnified.
9. A European Perspective: Derby Success Beyond Greece
While the Athenian Derby is firmly rooted in the domestic landscape of Greek football, both Olympiacos and Panathinaikos have enjoyed success on the European stage. Their exploits in European competitions have not only enhanced their reputation but have also added a new dimension to their rivalry. For both clubs, success in Europe has become a point of pride, with their performances on the continental stage seen as a measure of their stature beyond Greece.
Panathinaikos’ European Run (1971)
Panathinaikos’ most famous foray into European football came in 1971, when the club reached the final of the European Cup (now the Champions League). Under the guidance of legendary manager Ferenc Puskás, Panathinaikos defied the odds to reach the final, becoming the first Greek club to achieve such a feat. Their journey to the final, which included a famous victory over English giants Everton in the quarter-finals, captured the imagination of football fans across Europe.
Though Panathinaikos ultimately lost to Johan Cruyff’s Ajax in the final, their run to the final remains one of the most celebrated moments in Greek football history. For Panathinaikos supporters, it was proof that their club could compete with the best in Europe, and their exploits on the continental stage are still a source of immense pride.
Olympiacos in the Champions League
While Panathinaikos can boast the achievement of reaching a European final, Olympiacos have built a reputation for their consistency in European competitions, particularly the Champions League. Olympiacos are regular participants in Europe’s premier club competition, often giving the continent’s biggest clubs a tough time, especially at their fortress-like home ground, the Karaiskakis Stadium.
One of Olympiacos’ most famous European nights came in 1999, when they defeated Italian giants Juventus 2-1 in the Champions League group stage. That victory, along with other memorable results against the likes of Arsenal, Atlético Madrid, and Manchester United, has cemented Olympiacos’ status as a formidable force in Europe, particularly when playing in front of their passionate home crowd.
For Olympiacos fans, success in Europe is seen as validation of their club’s standing as the dominant force in Greek football. Each European campaign is viewed not only as a chance to test themselves against the best but also as an opportunity to outshine Panathinaikos on the international stage.
10. Modern Day Derby: The Current Landscape
The Athenian Derby, once a contest defined by political and social divides, has now evolved into a reflection of the modern footballing landscape. While the rivalry remains as fierce as ever, the dynamics of the fixture have shifted in recent years, influenced by changes in ownership, financial pressures, and the growing influence of European football.
Changing Fortunes
In recent years, both Olympiacos and Panathinaikos have faced financial challenges that have affected their performances both domestically and in Europe. Olympiacos, under the ownership of shipping magnate Evangelos Marinakis, have continued to maintain their dominance in Greek football, regularly winning league titles and competing in the Champions League. However, Panathinaikos have struggled to keep pace, with financial difficulties leading to inconsistent results on the pitch and a period of transition for the club.
Despite these challenges, the Athenian Derby remains the biggest fixture in Greek football. Even in seasons where one club is clearly stronger than the other, the derby retains its allure, with fans eagerly anticipating the clash and players treating it as the most important match of the season.
Fan Rivalry Today
The passion of the supporters has not waned in the modern era. If anything, the advent of social media and the globalisation of football have amplified the reach of the rivalry. On derby day, the streets of Athens are filled with tension, with fans of both clubs wearing their colours with pride, knowing that the result will define their week, if not their season.
While crowd control measures and the banning of away fans have tempered some of the more violent elements of the rivalry, the atmosphere inside the stadiums remains electric. The chants, banners, and pyrotechnics that have become synonymous with the derby are still very much a part of the spectacle, and both Gate 7 and Gate 13 continue to play a crucial role in creating the unique energy of the match.
Young Stars to Watch
In recent years, both Olympiacos and Panathinaikos have placed greater emphasis on developing young talent, with the hope that the next generation of players can carry the torch of the rivalry forward. Olympiacos’ youth academy has produced several promising players, such as Kostas Tsimikas, who went on to join Premier League giants Liverpool, while Panathinaikos have also invested heavily in their academy, nurturing talents like Anastasios Chatzigiovanis.
As both clubs look to rebuild for the future, the emergence of young stars in the derby is eagerly anticipated. These players, many of whom have grown up watching the derby, are now given the opportunity to write their own chapter in its storied history.
11. The Future of the Athenian Derby
The Athenian Derby, steeped in history and tradition, remains one of the most anticipated fixtures in European football. However, as the landscape of Greek football continues to evolve, questions remain about the future of this historic rivalry. Will the financial pressures faced by Panathinaikos prevent them from challenging Olympiacos for domestic supremacy? Can Olympiacos maintain their dominance in the face of increasing competition in Europe?
Financial Pressures and European Aspirations
The financial challenges facing both Olympiacos and Panathinaikos have shaped the direction of the rivalry in recent years. Olympiacos, with their greater financial resources and European exposure, have been able to maintain their status as Greece’s top club. Their consistent participation in the Champions League has not only provided them with the financial means to sign top players but has also enhanced their global profile.
Panathinaikos, meanwhile, have struggled to regain their former glory. However, the club’s loyal fan base and commitment to youth development offer hope for the future. If Panathinaikos can stabilise their finances and return to competing in European competitions, the derby could once again become a contest for national and continental supremacy.
Can the Derby Regain its Past Glory?
While the Athenian Derby remains a fierce and passionate encounter, there is a sense among some that the rivalry has lost some of its edge in recent years. With Panathinaikos’ struggles and Olympiacos’ dominance, the fixture has, at times, lacked the competitive balance that once made it so enthralling.
However, the derby’s future remains bright. The passion of the fans, the history of the clubs, and the importance of the fixture in Greek football culture ensure that the Athenian Derby will continue to be a highlight of the footballing calendar for years to come. As both clubs look to the future, the hope is that the rivalry will regain the intensity and competitiveness that once made it one of the most thrilling derbies in world football.

