The 1939 FIBA European Championship, commonly called FIBA EuroBasket 1939, was the third FIBA EuroBasket regional basketball championship, held by FIBA. Eight national teams affiliated with the International Basketball Federation (FIBA) took part in the competition. Defending champions Lithuania hosted the tournament, held in Kaunas Sports Hall.
The prices for tickets were high at the time: The price for a seat was 2.5–5 LTL, and for a standing spot 1.5–2 LTL.
One of the toughest question was where the competition games of the Third European Basketball Championship should be played. First European Championship was held in a primitively adapted exhibitions hall, second – in adapted former factory premises. Firstly, there was a thought to organize it in an open-court with a hanging tarpaulin roof, protecting from the rain, in the that time State Court (currently Darius and Girėnas Stadium). Although, such building wasn't suitable nor for the Lithuania, nor for the FIBA. It was decided to build completely new sports hall for the basketball games. Anatolijus Rozenbliumas projected the new basketball hall with capacity of 11.000 people (3.500 seats). It cost around 400.000 LTL, however nobody complained about its necessarily and its building progress. Kaunas Sports Hall was built in time. Many helpers participated in construction. One of them, Donatas Banionis, remembers: "I remember 1939 European Championship in Kaunas. Then the Kaunas Sports Hall was built. On the eve of the tournament I learned from friends that helpers are required to number the benches. Free observation of the games was promised for that. This, for us – boys, was a staggering thing. The cheapest ticket to all the games cost 10 LTL. So I numbered the sports hall benches with dye honestly".
The opening ceremony of the EuroBasket 1939 took place on 21 May 1939. Independent Lithuania sport historian, Jonas Narbutas, wrote: "The interest in the competition, of course, was huge. But still it was hardly imaginable that even that big event may attract such wide masses.