The club's parent athletic association was founded in 1966. Ten years later, in 1976, the men's basketball club was founded. Papagou was
promoted into the
major Greek basketball division in 1990. The team spent seven seasons there in the 1990s, and had success in the 1996–97 season, and especially in the 1997–98 season, by beating
Peristeri in the first round of the Greek League playoffs, before losing to
PAOK in the second round. Led in that era by the great scorers
Alphonso Ford and
Georgios Diamantopoulos, they finished 7th in the Greek League in the 1996–97 season, and gained a qualification to the following
1997–98 season's FIBA Korać Cup competition. They would make one more appearance in that
European-wide 3rd-tier level competition, during the
1998–99 season. More recently, the Papagou basketball team struggled to hold on to its position in the top league in Greece, the first division
Greek Basket League. In the 1998–99 season, the team competed in the
Greek first division, for the last time in recent years. ==Arena==