1937-38 League champions

  • Austria EK Engelmann
  • Czechoslovakia LTC Praha
  • Finland Ilves Tampere
  • France Francais Volants Paris
  • Germany SC Riessersee
  • Hungary BKE Budapest
  • Italy AMDG Milano
  • NHL Chicago Blackhawks
  • Norway Trygg
  • Romania Dragos Voda Cernauti
  • Sweden AIK Stockholm
  • Switzerland HC Davos

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