The tournament was hosted at the Sinan Erdem Dome, in Istanbul, Turkey.

Olympiacos won its second ever EuroLeague championship, after beating CSKA Moscow in the Final.

In the Final, Georgios Printezis hit a floater with 0.7 seconds remaining on the game clock, after receiving an assist from Vassilis Spanoulis, to win the EuroLeague cup.

On May 8, 2011, Euroleague Basketball announced that the Final Four would be held at the Sinan Erdem Dome, in Istanbul.

The arena is named after Sinan Erdem (1927–2003), who was the President of the Turkish Olympic Committee, from 1989, until his death in 2003.