On 6 April 2016, FIBA announced that the tournament was to be held at Le Colisée in Chalon-sur-Saône, France.

[3] German side Fraport Skyliners won the tournament.

"We were in control for 35 minutes and that makes this pill harder to swallow" – Paolo Moretti, Varese head coach This was Skyliners Frankfurt's first chance to win a European title ever in its club history.

For Varese, this was already the 13th appearance in the Final of a European club competition; the Italians won the FIBA European Champions Cup (5 times) and FIBA Saporta Cup (2 times) before.

Fraport Skyliners clawed their way back from a 12-point third-quarter deficit to edge out OpenjobMetis Varese 66–62 in a gripping FIBA Europe Cup final and lift the first European trophy in club history.