Spain: Tier 2 - 2003-04
| Córdoba beat Salamanca 1-0 (H) on 23 Nov 2003 |
| Salamanca beat Alavés 3-1 (H) on 2 Nov 2003 |
| Alavés beat Sporting Gijón 2-1 (H) on 7 Sep 2003 |
| Sporting Gijón beat Terrassa 1-0 (H) on 9 Nov 2003 |
| Terrassa beat Elche 3-2 (A) on 27 Sep 2003 |
| Elche beat Rayo Vallecano 2-1 (A) on 5 Oct 2003 |
| Rayo Vallecano beat Almería 2-1 (A) on 23 Nov 2003 |
| Almería beat Levante 1-0 (H) on 26 Oct 2003 |
| Levante beat Algeciras 1-0 (A) on 22 Nov 2003 |
| Algeciras beat Getafe 3-0 (H) on 5 Oct 2003 |
| Getafe beat Xerez CD 2-1 (A) on 16 Nov 2003 |
| Xerez CD beat Ciudad Murcia 2-1 (H) on 5 Oct 2003 |
| Ciudad Murcia beat Las Palmas 3-2 (A) on 21 Sep 2003 |
| Las Palmas beat Atlético Malagueño 1-0 (A) on 26 Oct 2003 |
| Atlético Malagueño beat Polideportivo Ejido 2-1 (A) on 16 Nov 2003 |
| Polideportivo Ejido beat Tenerife 1-0 (A) on 26 Oct 2003 |
| Tenerife beat Recreativo Huelva 2-1 (H) on 13 Sep 2003 |
| Recreativo Huelva beat Eibar 1-0 (H) on 7 Sep 2003 |
| Eibar beat Leganés 2-1 (A) on 15 Nov 2003 |
| Leganés beat Cádiz 2-1 (A) on 26 Oct 2003 |
| Cádiz beat Numancia 2-0 (H) on 9 Nov 2003 |
| Numancia beat Córdoba 1-0 (H) on 31 Aug 2003 |
HWC: Thick arrows show the earliest chain of wins that passes through every team and returns to its start.