The 1970 Intercontinental basketball Cup took place at Palazzo dello Sport, Varese.[1] From FIBA European Championship participated Ignis Varese, Real Madrid, Slavia Praha, from Liga Sudamericana participated S.C. Corinthians, and from NABL Columbia Sertoma Club.
First Day 23 September 1970
| Real Madrid | 71–67 | Columbia Sertoma Club |
| Ignis Varese | 84–57 | S.C. Corinthians |
Second Day 24 September 1970
| S.C. Corinthians | 82–74 | Slavia Praha |
| Ignis Varese | 81–60 | Real Madrid |
Third Day 25 September 1970
| Real Madrid | 78–77 | S.C. Corinthians |
| Slavia Praha | 81–74 | Columbia Sertoma Club |
Fourth Day 26 September 1970
| S.C. Corinthians | 83–62 | Columbia Sertoma Club |
| Ignis Varese | 71–63 | Slavia Praha |
Fifth Day 27 September 1970
| Real Madrid | 105–99 | Slavia Praha |
| Ignis Varese | 53–49 | Columbia Sertoma Club |
| Team | Pld | W | L | PF | PA | Points | |
|---|---|---|---|---|---|---|---|
| 1. | Ignis Varese | 4 | 4 | 0 | 289 | 229 | 8 |
| 2. | Real Madrid | 4 | 3 | 1 | 314 | 324 | 6 |
| 3. | S.C. Corinthians | 4 | 2 | 2 | 299 | 298 | 4 |
| 4. | Slavia Praha | 4 | 1 | 3 | 317 | 332 | 2 |
| 5. | Columbia Sertoma Club | 4 | 0 | 4 | 252 | 288 | 0 |
| 1973 Intercontinental Champions |
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| Ignis Varese |
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