In 2002/2003, the second ULEB competition was inaugurated, where the final was played as a double match, in both legs, and Valencia Basket was crowned as the first champion, clearly beating Krka Novo Mesto after winning both matches. Dejan Tomasevic, MVP of the final

Quarterfinals
Joventut – Zeleznik
Lleida – Krka Novo Mesto
Valencia Basket – Zadar
Students – Varese

Semi-finals
Joventut – Krka Novo Mesto
Valencia Basket – Students

In the first leg, Valencia Basket, in a match that was very hard fought in almost all its minutes, took advantage of the final stretch to take an advantage that would eventually be decisive in the final, winning by (78-90), and also to do it on the opposite court. Arnold’s 28 points for the locals could not with the greatest cordial taronja. In the return, the +12 that Valencia was bringing, and led by an unstoppable Tomasevic, Valencia always kept small advantages that together with the one they already brought from Slovenia, decided the first title of the competition in a placid way.

Valencia Basket
*Rodilla – 8.5p, 4.5a
*Luengo – 7.0, 2.0r
*Paraiso – 8.0p, 3.5r
*Tomasevic – 17.0p, 8.0r
*Oberto – 13.5p, 7.5r
Montecchia – 5.5p, 1.5a
Robles – 10.0p, 1.0a
Kammerichs – 5.5p, 3.0r
Hopkins – 8.0p, 4.0r
Cardinal – 1.0p, 1.0r
García – 0p, 1r. (1)

Krka Novo Mesto
*Capin – 13.5p, 2.5r
*Duscak – 7.5p, 1.0br
*Maravic – 12.5p, 5.0r
*Arnold – 24.0p, 6.5r
*Bader – 4.5p, 1.0r
Gnjidic – 9.0p, 2.5r
Mathis – 0.0p, 1.0a
Drobnjak – 3.0p, 3.0r
Balazic – 0p, 1a. (1)
Paravinja – 6p, 3r. (1)