Pools
Pool A: Brazil, Japan, Portugal, Venezuela
Pool B: Italy, Cuba, Bulgaria, Spain
Pool C: Serbia-Montenegro, Argentina, Poland, Greece.
All teams in the pool play against each other, both home and away, during the Intercontinental round. Top three teams from each group and the best second ranked team advance to the Final Four tournament. In case that the team of the organizing country, Serbia and Montenegro, is not among the four qualified teams, the best second ranked team of the Intercontinental round will be eliminated and replaced by the organizer.