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 in Piraeus, Attica,[1][2][3] 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.

Greece's Nikos Galis was voted the tournament's MVP.

[4] All games were played at the Peace and Friendship Stadium in Piraeus, Attica.