 Twelve national teams entered the event under the auspices of FIBA Europe, the sport's regional governing body.The Peace and Friendship Stadium, located in the Neo Faliron district of Piraeus, near Athens, was the hosting venue of the tournament.The host, Greece, won its first FIBA European title by defeating the defending champions and heavily favored Soviet Union, with a 103–101 score in a gripping final decided in overtime.