The competition's Final Four took place at Palais Omnisports de Paris-Bercy, in Paris, France.

The 2000–01 SuproLeague was the last European top tier club competition organised by FIBA.

The European Champions' Cup was originally established by FIBA and it operated under its umbrella from 1958 until the summer of 2000, concluding with the 1999–2000 season.

Top clubs were split between the two leagues: Panathinaikos, Maccabi Tel Aviv, CSKA Moscow, and Efes Pilsen stayed with FIBA, while Olympiacos, Kinder Bologna, Real Madrid, FC Barcelona, Tau Cerámica, and Benetton Treviso joined Euroleague Basketball.

The winning teams of the Quarterfinals qualified to the SuproLeague Final Four, which was held in the Palais Omnisports de Paris-Bercy, in Paris, on 10–13 May 2001.

Negotiating from the position of strength, Euroleague Basketball Company dictated proceedings and FIBA essentially had no choice but to agree to their terms.