 Most importantly, Olympiacos reached a European final for the first time in its history; after an impressive campaign, the team qualified for the LEN Cup Winners' Cup two-legged final, where they played against Ferencváros.Olympiacos won the first leg in Piraeus by 7−6, but lost the second leg 8−6 in Budapest after a thrilling game.From 1998 to 2005 Olympiacos won 7 consecutive Greek League titles which is a record for the A1 League, which was established in 1987, and a record as well for the club.