1940-41 League champions
- Bohemia-Moravia CLTK Praha
- Finland KIF Helsinki
- Germany SC Riessersee
- Hungary BBTE Budapest
- Italy AMDG Milano
- NHL Boston Bruins
- Romania Juvenstus Bucuresti
- Slovakia SK Bratislava
- Sweden Sodertalje SK
- Switzerland HC Davos
1940-41 League champions