1947-48 League Champions

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