26 teams. European national domestic league champions, plus the then current FIBA European Champions Cup title holders only, playing in a tournament system. The competition culminated in a Final Four.
For the first time in the competition history, the quarterfinals were played with a round-robin system, in which every Two Game series (TGS) constituted as one game for the record. A third decisive game was played if the aggregate score of the first two games was tied.
Key to colors for group standings
Top two places in each group advance to Semifinals