| This Cup was part of the celebration of 1300 Years of Bulgaria. On those days was supposed that Bulgaria was founded in 681. |
| Final - Vasil Levski stadium att. 50,000. | | date | team 1 | score | team 2 | HT | | Sat 01.08.81 | Sporting CP Lisboa | 3-2 | Levski-Spartak Sofia | |  Jordao, Manuel Fernades, 3-2 Jordao 80'(slalom of 50 metres). | | Sporting: Mesaros, Barao, Inacio, Xavier, Eurinho, Asemar (Virgilio), Freire, Nogueira, Fernades, Oliveira (Zezinho), Jordao (Cristian). |
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| | | Winners - Levski-Spartak Sofia and Sporting CP Portugal - advanced to Final |
| Group A | pts | won | drw | lst | gf | ga | g+- | | 1. | Levski-Spartak Sofia | 6 | 3 | 0 | 0 | 10: | 2 | +8 | | 2. | Dinamo Minsk | 4 | 2 | 0 | 1 | 5: | 5 | +0 | | 3. | CSKA Sept. Zname Sofia | 1 | 0 | 1 | 2 | 2: | 5 | -3 | | 4. | Admira-Waker Wien | 1 | 0 | 1 | 2 | 2: | 7 | -5 |
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| Table A | Levs | DiMn | CSKA | AdWa | | Levski-Spartak Sofia | ---- | 4:1 | 2:0 | 4:1 | | Dinamo Minsk | | ---- | 2:1 | 2:0 | | CSKA Sept. Zname Sofia | | | ---- | 1:1 | | Admira-Waker Wien | | | | ---- |
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| date | team 1 | score | team 2 | HT | | Sun 26.07.81 | Levski-Spartak | 4-1 | Dinamo Minsk | | | Sun 26.07.81 | CSKA Sept. Zname Sofia | 1-1 | Admira-Waker Wien | 0-0 | | 1-0 Stoycho Mladenov 57' 1-1 Johan Krejchirk 59' Vasil Levski stadium, Sofia. | | Mon 27.07.81 | Levski-Spartak | 4-1 | Admira-Waker Wien | | | Mon 27.07.81 | Dinamo Minsk | 2-1 | CSKA Sept. Zname Sofia | 0-1 | | 0-1 Radoslav Zdravkov 9' 1-1 Igor Gorinovich 53' 2-1 Z. Sokolov 88' Iskar stadium, Samokov (rainy). | | Wed 29.07.81 | Dinamo Minsk | 2-0 | Admira-Waker Wien | | | Wed 29.07.81 | Levski-Spartak Sofia | 2-0 | CSKA Sept. Zname Sofia | 0-1 | | 1-0 Emil Spasov 14' 2-0 Hristo Denchev 34' Vasil Levski stadium 35,000. | | Levski-Spartak: Delchev, Nikolov, Balevski. Petrov, Grancharov, Barzov (82-Kurdov), Chavdarov, Valchev, Spasov, Denchev (82-Velev), Iskrenov. | CSKA Sept. Zname: Velinov, Bezinski, D. Dimitrov, G. Dimitrov, G. Iliev, Kalburov (46-Tomanov), Markov (59-Al. Dimitrov), Velkov (36-Zdravkov), Yonchev, Mladenov, Dzhevizov. |
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| Group B | pts | won | drw | lst | gf | ga | g+- | | 1. | Sporting CP Lisboa | 5 | 2 | 1 | 0 | 6: | 4 | +2 | | 2. | Trakia Plovdiv | 4 | 2 | 0 | 1 | 8: | 6 | +2 | | 3. | Slavia Sofia | 3 | 1 | 1 | 2 | 7: | 7 | 0 | | 4. | Arges Pitesti | 0 | 0 | 0 | 3 | 4: | 8 | -4 |
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| Table B | Spor | Trak | Slav | Arge | | Sporting CP Lisboa | ---- | 2:1 | 2:2 | 2:1 | | Trakia Plovdiv | | ---- | 4:2 | 3:2 | | Slavia Sofia | | | ---- | 3:1 | | Arges Pitesti | | | | ---- |
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| date | team 1 | score | team 2 __________ | HT | | Sun 26.07.81 | Trakia Plovdiv | 3-2 | Arges Pitesti | | | Sun 26.07.81 | Sporting CP Lisboa | 2-2 | Slavia Sofia | 0-1 | | 0-1 Pavel Dimitrov 6' 1-1 Antonio Oliveira 58' 1-2 Georgi Minchev 76'pen. 2-2 N. Wokocha 79' Fruzhba stadium, Kardzhali 1000. Referee: Stoilkovski. | | Sporting: Fidalgo, Francisco Barao, Paulo Meneses, Eurico, Inacio, Nogueira (79-Virgilio), Antonio Oliveira, Ademar, Manuel Fernandes (67-N. Wokocha), Jordao, Freire (73-Vitor Esmoriz). | Slavia: Georgi Gugalov, Ismailov, Ivan Iliev (39-Ertiov), Ivan Haydarliev, Diev, Atanas Aleksandrov, Vanio Kostov, Botyo Malinov (62-Vasilev), Iliaz Aliev, Pavel Dimitrov (62-Grozdanov), Georgi Minchev. | | Mon 27.07.81 | Sporting CP Lisboa | 2-1 | Trakia Plovdiv | | | Mon 27.07.81 | Slavia Sofia | 3-1 | Arges Pitesti | | | Wed 29.07.81 | Sporting CP Lisboa | 2-1 | Arges Pitesti | | | Wed 29.07.81 | Trakia Plovdiv | 4-2 | Slavia Sofia | |
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