The 1992 Greek Cup final was the 48th final of the Greek Cup. The final, was set for the second and last time to be played over two legs in the home ground of the 2 finalists. The contesting teams were PAOK and Olympiacos. It was PAOK's fourteenth Greek Cup final in their 66 years of existence and Olympiacos' twenty-six Greek Cup final in their 67-year history. The first match took place on 20 May 1992 at Toumba Stadium and the second match took place on 27 May 1992 at Karaiskakis Stadium. It was the first time that a private channel ANT1, was covering a cup final, since all the finals were until then covered by ERT.
PAOK had reached the Greek Cup final thirteen times, winning two of them. The last time that they had won the Cup was in 1974 (4âÂÂ3 on penalties, which came after a 2âÂÂ2 draw at the end of the extra time against Olympiacos). The last time that they had played in a final was in 1985, where they had lost to AEL by 4âÂÂ1.
Olympiacos had reached the Greek Cup final twenty-five times, winning nineteen of them. The last time that they played in a final was in 1990, where they had won against OFI by 4âÂÂ1.
The two teams had met each other in a Cup final five times in the 1951, 1971, 1973, 1974 and 1981 finals.