1985–86 FIBA European Champions Cup

Competition system

• 25 teams, playing in a tournament system, played knock-out rounds on a home and away basis. The aggregate score of both games decided the winner.
• The six remaining teams after the knock-out rounds entered a Semifinal Group Stage, which was played as 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 was used: 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 winner and the runner-up of the Semifinal Group Stage qualified for the final, which was played at a predetermined venue.

  Preliminary round

First round

Second round

Semifinal group stage

	Team	Pld	Pts	W	L	PF	PA
1.	Cibona	10	17	7	3	977	933
2.	Žalgiris	10	17	7	3	931	915
3.	Simac Milano	10	16	6	4	881	837
4.	Real Madrid	10	15	5	5	944	906
5.	Maccabi Elite Tel Aviv	10	14	4	6	907	946
6.	Limoges CSP	10	11	1	9	910	1013

Final

Awards

FIBA [European [Champions Cup">EuroLeague Finals Top Scorer">FIBA [European [Champions Cup Finals Top Scorer]]

• Arvydas Sabonis