The Intercontinental Cup was an international football tournament that took place annually between the winners of the UEFA Champions League (representing Europe) and the Copa Libertadores (representing South America). However, as of my knowledge cutoff in September 2021, the Intercontinental Cup was discontinued and replaced by the FIFA Club World Cup, which expanded its format to include teams from all continents.
The Intercontinental Cup had a rich history, starting in 1960 and running until 2004. The tournament was initially organized by UEFA and CONMEBOL, the governing bodies of European and South American football, respectively. The matches were played as a single-leg final, usually held in either Europe or South America, alternating between the two continents.
Over the years, the Intercontinental Cup witnessed some memorable encounters between European and South American giants. Clubs such as Real Madrid, Barcelona, Milan, Bayern Munich, Boca Juniors, and River Plate were among the frequent participants and winners of the tournament.
In 2005, FIFA took over the organization of the tournament and rebranded it as the FIFA Club World Cup. The new format expanded the competition to include champion teams from each continent, allowing for a more global representation. The Club World Cup currently features teams from Europe, South America, Africa, Asia, North America, and Oceania, with the winners of each continental competition participating in the tournament.
It's worth noting that the FIFA Club World Cup underwent further changes in recent years, with an expanded format and plans for more frequent editions. Therefore, it's advisable to check for any updates or changes beyond my knowledge cutoff in September 2021 to get the most accurate and up-to-date information about the current state of the competition.