1947-48 League champions

  • Austria Wiener EV
  • Finland Tarmo Hameenlinna
  • Czechoslovakia LTC Praha
  • Germany SC Riesersee
  • Hungary MTK
  • Italy HC Milano
  • NHL Toronto Maple Leafs
  • Netherlands Den Haag
  • Norway Strong
  • Romania
  • Soviet Union CSKA Moscow
  • Sweden IK Gotam
  • Switzerland HC Davos
  • Yugoslavia Partizan Beograd

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