The 1997 McDonald's Championship took place at Palais Omnisports de Paris-Bercy in Paris, France.

The teams that took part in the 8th edition of the tournament were the Chicago Bulls, Paris Basket Racing (France), Olympiacos Piraeus (Greece), Atenas de Cordoba (Argentina), Benetton Treviso (Italy) and FC Barcelona Banca Catalana (Spain).

The 1991, 1992, 1993, 1996 & 1997 NBA champions, the Chicago Bulls won it beating Olympiacos in the final at the Palais Omnisport de Paris-Bercy, in Paris.

Surprisingly, both the Italian and Spanish champions, traditional European powerhouses Benetton and FC Barcelona, lost their preliminary stage games and were forced to battle for 5th place.

The Chicago Bulls instead led by Michael Jordan, and without Scottie Pippen managed to win their semifinal game against the hosts PSG Racing coached by Božidar Maljković, by 89–82.