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A jubilant Israel celebrates Maccabi Tel Aviv's unlikely European basketball title

Jubilant Israeli basketball fans are still celebrating Maccabi Tel Aviv's dream season, which culminated with an overtime victory over Real Madrid in the Euroleague basketball final in Milan.

Thousands of fans clad in Maccabi yellow filled Tel Aviv's Rabin Square overnight Monday, with many jumping into its landmark fountain. Celebrations erupted in other cities as well, with TV and radio stations airing special broadcasts.

According to initial ratings figures, about a third of the country watched Sunday's game live on TV, including Prime Minister Benjamin Netanyahu and President Shimon Peres. Both men called head coach David Blatt after the game to offer congratulations.

Peres took to the airways Monday to invite the team to his official residence for a reception.