The trophy was won by Real Madrid, for the third time, at their home venue Pavilion at the Sports City of Real Madrid, after they defeated Simmenthal Milano 91–83.

European national domestic league champions, plus the then current FIBA European Champions Cup title holders only, playing in a tournament system.

*Collegians from Belfast withdrew before the first leg and Herly Amsterdam received a forfeit (2-0) in both games.

*Hapoel Tel Aviv withdrew before the first leg and Lokomotiv Sofia received a forfeit (2-0) in both games.

**After a 142 aggregate drew, a third decisive game was held in which Slavia VŠ Praha won 77–61.