| Finals best of five (5) - 2 teams from Group B. | | dates | team 1 | m1 | m2 | m3 | m4 | m5 | team 2 | | --.-- | Kinder Bologna |  ITA | 65-78 | 94-73 | 80-60 | 79-96 | 82-74 | Tau Cerámica Vitoria-Gasteiz |  ESP |
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| | | best of five (5). 3 teams from Group B |
| dates | team 1 | m1 | m2 | m3 | team 2 | | --.-- | Kinder Bologna | ITA | 103-76 | 92-84 | 74-70 | Paf Wennington Bologna | ITA | | --.-- | AEK Athens |  GRE | 65-90 | 67-70 | 62-76 | Tau Cerámica Vitoria-Gasteiz | ESP |
| dates | team 1 | m1 | m2 | m3 | team 2 | | --.-- | Paf Wennington Bologna | ITA | 74-68 | 57-88 | 88-70 | Real Madrid | ESP | | --.-- | Kinder Bologna | ITA | 80-79 | 81-79 | | Union Olimpija Ljubljana |  SLO | | --.-- | Olympiacos Piraeus | GRE | 72-78 | 76-98 | | Tau Cerámica Vitoria-Gasteiz | ESP | | --.-- | AEK Athens | GRE | 97-89 | 74–90 | 71-56 | Benetton Treviso | ITA |
| dates | team 1 | m1 | m2 | m3 | team 2 | | --.-- | Paf Wennington Bologna | ITA | 76-64 | 75-74 | | Cibona Zagreb |  CRO | | --.-- | Kinder Bologna | ITA | 113-70 | 85-80 | | Adecco Estudiantes Madrid | ESP | | --.-- | Peristeri BC Athens | GRE | 79-81 | 68-81 | | Tau Cerámica Vitoria-Gasteiz | ESP | | --.-- | AEK Athens | GRE | 69-60 | 73-71 | | Žalgiris Kaunas |  LTU | | --.-- | Olympiacos Piraeus | GRE | 94-92 | 96-84 | | Müller Verona | ITA | | --.-- | FC Barcelona | ESP | 85-86 | 82-99 | | Benetton Treviso | ITA | | --.-- | Real Madrid | ESP | 91-63 | 76-62 | | Budućnost Podgorica |  YUG | | --.-- | PAOK Thessaloniki | GRE | 75-64 | 77-85 | 69-73 | Union Olimpija Ljubljana | SLO |
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| | | First 4 from each Group advanced to Eight-Finals (1/8). Best qualifed team with home advantage. |
| Group A | w | l | pf | pa | p+- | | 1. Paf Wennington Bologna | ITA | 8 | 2 | 812: | 760 | +52 | | 2. Peristeri BC Athens | GRE | 7 | 3 | 841: | 786 | +55 | | 3. Žalgiris Kaunas | LTU | 6 | 4 | 866: | 816 | +50 | | 4. Adecco Estudiantes Madrid | ESP | 4 | 6 | 820: | 821 | -1 | | 5. Lugano Snakes |  SUI | 3 | 7 | 777: | 914 | -137 | | 6. Zadar | CRO | 2 | 8 | 840: | 859 | -19 |
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| Group B | w | l | pf | pa | p+- | | 1. Kinder Bologna | ITA | 9 | 1 | 835: | 734 | +101 | | 2. AEK Athens | GRE | 8 | 2 | 805: | 746 | +59 | | 3. Tau Cerámica Vitoria-Gasteiz | ESP | 6 | 4 | 749: | 700 | +49 | | 4. Cibona Zagreb | CRO | 3 | 7 | 773: | 832 | -59 | | 5. Saint Petersburg Lions |  RUS | 2 | 8 | 778: | 840 | -62 | | 6. Spirou Charleroi |  BEL | 2 | 8 | 769: | 857 | -88 |
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| Group C | w | l | pf | pa | p+- | | 1. Olympiacos Piraeus | GRE | 7 | 3 | 861: | 738 | +123 | | 2. Real Madrid | ESP | 7 | 3 | 859: | 789 | +70 | | 3. Union Olimpija Ljubljana | SLO | 7 | 3 | 823: | 752 | +71 | | 4. Benetton Treviso | ITA | 6 | 4 | 847: | 777 | +70 | | 5. Hapoel Jerusalem |  ISR | 3 | 7 | 784: | 881 | -97 | | 6. Ovarense |  POR | 0 | 10 | 746: | 983 | -237 |
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| Group D | w | l | pf | pa | p+- | | 1. FC Barcelona | ESP | 8 | 2 | 856: | 757 | +99 | | 2. PAOK Thessaloniki | GRE | 7 | 3 | 846: | 773 | +73 | | 3. Budućnost Podgorica | YUG | 7 | 3 | 844: | 819 | +25 | | 4. Müller Verona | ITA | 6 | 4 | 920: | 854 | +66 | | 5. London Towers |  ENG | 1 | 9 | 775: | 878 | -103 | | 6. Opel Skyliners Frankfurt |  GER | 1 | 9 | 696: | 856 | -160 |
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| 24 teams from 14 countries. Italy, Spain and Greece with 4 teams. Croatia with 2 teams. | | 1. Groups Round - 4 Home/Away Round Robin Groups with 6 teams. First 4 advanced. | | 2. Eight-Finals (1/8) - 8 elimination pairs. Best of 3 advanced. | | 3. Quarter-Finals (1/4) - 4 elimination pairs. Best of 3 advanced. | | 4. Semi-Finals (1/2) - 2 elimination pairs. Best of 5 advanced. | | 5. Finals - 1 elimination pair. Best of 5 won the Euroleague. |
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