Spain: Tier 2 - 1948-49
| Granada beat Málaga 1-0 (H) on 31 Oct 1948 |
| Málaga beat Real Murcia 8-0 (H) on 12 Sep 1948 |
| Real Murcia beat Real Sociedad 3-0 (H) on 26 Sep 1948 |
| Real Sociedad beat Levante 2-1 (A) on 17 Oct 1948 |
| Levante beat Mestalla 1-0 (H) on 19 Sep 1948 |
| Mestalla beat Girona 3-1 (H) on 26 Sep 1948 |
| Girona beat Badalona 5-0 (H) on 31 Oct 1948 |
| Badalona beat Racing Ferrol 2-1 (H) on 17 Oct 1948 |
| Racing Ferrol beat Barakaldo 1-0 (H) on 12 Sep 1948 |
| Barakaldo beat Hércules 3-0 (H) on 17 Oct 1948 |
| Hércules beat Castellón 5-3 (H) on 10 Oct 1948 |
| Castellón beat Racing Santander 3-2 (H) on 19 Sep 1948 |
| Racing Santander beat Sporting Gijón 3-2 (H) on 17 Oct 1948 |
| Sporting Gijón beat Granada 2-0 (H) on 10 Oct 1948 |
HWC: Thick arrows show the earliest chain of wins that passes through every team and returns to its start.