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1978 to 1981 - Adelaide Asteras 1982 to 1988 - Thebarton Asteras The club was originally founded in 1978 under the name of Adelaide Asteras. In 1982 the club changed its name to Thebarton Asteras. In 1988 Thebarton Asteras were taken over by the Greek Orthodox association of South Australia Incorporated. In 1989 the club changed its name to Olympians. In 1998 the Greek Orthodox Association of South Australia Incorporated relinquished the Olympians soccer Club, which amalgamated with SAASL Club "Adelaide Rodos Soccer Club", while keeping the playing name of Olympians. In 1999 Olympians amalgamated with the Regency Lions Sports and Social Club (SAASL Playing Name :Adelaide Hellenic Soccer Club). In 2000, the name was changed to Olympic Football Club. In 2001, the club adopted its current name of Adelaide Olympic. The club played its first games in 1979 in the 6th division of the Amateur league. Its initial home games were played at Woodville West. The club won the 6th division amassing 104 goals including one 15-0 victory over West End United. In 1981 the club joined the SASF Metro League and won the league in its first season. They were promoted to the 2nd division, finished last and relegated back to the Metro League in 1982. In 1983 they finished second and were promoted back up to the 2nd division. The club struggled in the 2nd division for the next eight years In 1992 Adelaide Olympic dominated the 2nd division finishing seven points clear at the top of the table and were promoted to the 1st division. The topsy turvy path continued with Olympic dropping back to the 2nd division in 1994, returning to the Premier League in 1996, dropping to the 2nd division in 2000 and finally returning to the Premier League in 2001. The 2004 Premier League season was without a doubt the clubs best year in terms of on field performance. The club earned 2nd spot on the Premier League table and played in the grand final against Metro Stars eventually losing 2 - 1 after leading 0 - 1. Adelaide Olympic then continued with another good year in 2005 once again finishing second on the Premier League table and making the finals again however they lost to eventual champions Adelaide City in the semi final. Adelaide Olympic were relegated at the end of the 2006 season due to the loss of many of their key experienced players and an unsuccessful attempt to overthrow the board. The 2006 squad was made up of mostly the clubs youth players who although gave their absolute best could not avoid relegation. Season's 2007/08/09 were spent languishing mid-table in the second division and a massive amount of debt being accumulated. During the end of the 2009 season a number of key figures within the Adelaide Greek community joined forces to rescue Adelaide Olympic and return the club to the first division (now called super league). A new board was elected and got on with job of sorting out the clubs finances. A number of former players returned and the club will now confidently challenge for promotion in to the first division.2013 sees the club moving from strength to strength with a strong commitment to the development of their Juniors and a policy centred round the promotion of young players.
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