On this day, 47 years ago, Real Madrid lifted their second Intercontinental Cup in basketball. On 7 October 1977, the Whites were mathematically proclaimed champions by beating Varese in the fourth game of a group system played in the Spanish capital. This retained the title, the second of the three consecutive ones won between 1976 and 1978.

Real Madrid were back in the Intercontinental Cup a year after winning the previous edition in Buenos Aires. Under the guidance of Lolo Sainz, the Madridistas finished the competition undefeated, defeating Francana of Brazil (94-113); Maccabi Elite (105-97); Dragones de Tijuana (105-129); Mobilgirgi Varese, in what was to be the determining game (115-94); and Providence Friars (103-90).