1981–82 FIBA European Champions Cup

The 1981–82 FIBA European Champions Cup was the 25th season of the European top-tier level professional basketball club competition FIBA European Champions Cup (now called EuroLeague). The Final was held at the Sporthalle, in Cologne, West Germany, on March 25, 1982. Squibb Cantù defeated the defending title holders, Maccabi Elite Tel Aviv, by a result of 86–80.

Competition system

24 teams (European national domestic league champions, plus the then current title holders), playing in a tournament system, entered a Quarterfinal Group Stage, divided into six groups that played in a round-robin. The final standing was based on individual wins and defeats. In the case of a tie between two or more teams after the group stage, the following criteria were used to decide the final classification: 1) number of wins in one-to-one games between the teams; 2) basket average between the teams; 3) general basket average within the group.
The 6 group winners of the Quarterfinal Group Stage advanced to Semifinal Group Stage, which was played as a single group under the same round-robin rules.
The group winner and the runner-up of the Semifinal Group Stage qualified for the final, which was played at a predetermined venue.

Key to colors
	Top place in each group advance to Semifinal group stage

*Sporting was drawn into this group, but withdrew before the competition.

*Zamalek SC was drawn into this group, but withdrew before the competition.

*Al-Ittihad Aleppo was drawn into this group, but withdrew before the competition.

Key to colors
	Top two places in the group advance to Final

Team 1	Score	Team 2
Maccabi Elite Tel Aviv	80–86	Squibb Cantù

1981–82 FIBA European Champions Cup Champions
Squibb Cantù 1st Title