| 1991–92 season | |||
|---|---|---|---|
| Chairman | | ||
| Manager | | ||
| Alpha Ethniki | 3rd | ||
| Greek Cup | Quarter-finals | ||
| European Cup | Quarter-finals | ||
In the 1991–92 season Panathinaikos played for 33rd consecutive time in Greece's top division, the Alpha Ethniki. They also competed in the European Cup and the Greek Cup.
Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply. Players may hold more than one non-FIFA nationality.
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| Pos | Team | Pld | W | D | L | GF | GA | GD | Pts | Qualification or relegation |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | AEK Athens (C) | 34 | 23 | 8 | 3 | 72 | 25 | +47 | 54 | Qualification for Champions League first round |
| 2 | Olympiacos | 34 | 20 | 11 | 3 | 74 | 30 | +44 | 51 | Qualification for Cup Winners' Cup first round |
| 3 | Panathinaikos | 34 | 21 | 6 | 7 | 66 | 21 | +45 | 48 | Qualification for UEFA Cup first round |
| 4 | PAOK | 34 | 13 | 13 | 8 | 44 | 44 | 0 | 39 | |
| 5 | Apollon Athens | 34 | 14 | 7 | 13 | 35 | 34 | +1 | 35 |
| 18 September 1991First leg | Fram Reykjavík | 2–2 | | Reykjavík, Iceland |
| Ragnarsson Arnþórsson | Report | Christodoulou | Stadium: Laugardalsvöllur Attendance: 695 Referee: Alan Snoddy (Northern Ireland) |
| 2 October 1991Second leg | Panathinaikos | 0–0 (2a–2 agg.) | | Athens, Greece |
| Report | Stadium: Olympic Stadium Attendance: 50,000 Referee: Astrit Canaj (Albania) |
| 23 October 1991First leg | Panathinaikos | 2–0 | | Athens, Greece |
| Saravakos Marangos | Report | Stadium: Olympic Stadium Attendance: 55,000 Referee: Neil Midgley (England) |
| 6 November 1991Second leg | IFK Göteborg | 2–2 (2–4 agg.) | | Gothenburg, Sweden |
| Svensson Ekström | Report | Saravakos | Stadium: Ullevi Attendance: 10,684 Referee: Ryszard Wójcik (Poland) |
Group A
| Pos | Team | Pld | W | D | L | GF | GA | GD | Pts | Qualification |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | | 6 | 3 | 2 | 1 | 10 | 5 | +5 | 8 | Advance to final |
| 2 | | 6 | 3 | 0 | 3 | 9 | 10 | −1 | 6 | |
| 3 | | 6 | 2 | 2 | 2 | 8 | 9 | −1 | 6 | |
| 4 | | 6 | 0 | 4 | 2 | 1 | 4 | −3 | 4 |
| 27 November 19911 | Anderlecht | 0–0 | | Brussels, Belgium |
| 20:15 | Report | Stadium: Constant Vanden Stock Stadium Attendance: 16,500 Referee: Brian McGinlay (Scotland) |
| 11 December 19912 | Panathinaikos | 0–0 | | Athens, Greece |
| 20:00 | Report | Stadium: Olympic Stadium Attendance: 51,500 Referee: Hubert Forstinger (Austria) |
| 4 March 19923 | Panathinaikos | 0–2 | | Athens, Greece |
| 20:00 | Report | Pančev | Stadium: Olympic Stadium Attendance: 55,311 Referee: Alexey Spirin (Russia) |
| 18 March 19924 | Red Star Belgrade | 1–0 | | Sofia, Bulgaria [a] |
| 20:15 | Mihajlović | Report | Stadium: Balgarska Armiya Stadium Attendance: 20,000 Referee: Emilio Soriano Aladrén (Spain) |
| 1 April 19925 | Panathinaikos | 0–0 | | Athens, Greece |
| 19:30 | Report | Stadium: Olympic Stadium Attendance: 40,000 Referee: Joe Worrall (England) |
| 15 April 19926 | Sampdoria | 1–1 | | Genoa, Italy |
| 20:15 | Mancini | Report | Marangos | Stadium: Stadio Luigi Ferraris Attendance: 34,500 Referee: Kurt Röthlisberger (Switzerland) |