Spain: Tier 2 - 1991-92
| Sestao beat Real Avilés 1-0 (H) on 24 Nov 1991 |
| Real Avilés beat Real Madrid B 3-0 (H) on 6 Oct 1991 |
| Real Madrid B beat Rayo Vallecano 3-1 (H) on 20 Oct 1991 |
| Rayo Vallecano beat Palamós 4-0 (H) on 15 Sep 1991 |
| Palamós beat Mérida 3-2 (H) on 3 Nov 1991 |
| Mérida beat Real Betis 3-2 (H) on 24 Nov 1991 |
| Real Betis beat Figueres 3-0 (H) on 3 Nov 1991 |
| Figueres beat Málaga 5-0 (A) on 8 Sep 1991 |
| Málaga beat Racing Santander 2-1 (H) on 6 Oct 1991 |
| Racing Santander beat Lleida 1-0 (A) on 20 Oct 1991 |
| Lleida beat Eibar 2-0 (H) on 22 Sep 1991 |
| Eibar beat Las Palmas 1-0 (A) on 6 Oct 1991 |
| Las Palmas beat Barcelona B 3-1 (H) on 24 Nov 1991 |
| Barcelona B beat Castellón 3-2 (H) on 17 Nov 1991 |
| Castellón beat Compostela 2-0 (A) on 1 Sep 1991 |
| Compostela beat Celta Vigo 2-0 (H) on 17 Nov 1991 |
| Celta Vigo beat Sabadell 1-0 (A) on 6 Oct 1991 |
| Sabadell beat Real Murcia 1-0 (A) on 13 Oct 1991 |
| Real Murcia beat Bilbao Athletic 1-0 (A) on 20 Oct 1991 |
| Bilbao Athletic beat Sestao 1-0 (A) on 10 Nov 1991 |
HWC: Thick arrows show the earliest chain of wins that passes through every team and returns to its start.