FIBA Korać Cup whether he played on the winning or losing team. FIBA Korać Cup The FIBA Korać Cup was an annual basketball club competition held by FIBA between the 1971–72 and 2001–02 seasons. It was the third-tier level club competition in European basketball, after the FIBA European Champions' Cup (later renamed the EuroLeague) and the FIBA Cup Winners' Cup (later renamed the FIBA Saporta Cup). The very last Korać Cup season was held during the 2001–02 season. The Korać Cup was named after the legendary Yugoslav player Radivoj Korać, killed in 1969 in a car accident near Sarajevo. The Korać Cup is
Raimundo Saporta Pavilion in honor of the club director who had died in February 1997. The pavilion had increased seating capacity of 5,200 seats. The bad economic situation of the club forced club president Florentino Pérez to sell the lands on which the Sports city was located for an estimated 188 million euros in November 2001. The demolition of the arena took place in August 2004, and Real Madrid moved its home games to Palacio Vistalegre. The former site of the Sports city and the Raimundo Saporta Pavilion is now used for the Four Towers Business Area, an Important business park. Raimundo Saporta