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From its formation in 1960 to 1979, the competition was contested over a two legged tie, with a playoff if necessary until 1968, and penalty kicks later. From 1980 until 2004, the competition was contested over a single match held in Japan and organized by Toyota, which offered a secondary trophy, the Toyota Cup. The competition was considered until the creation of its successor, the FIFA Club World Cup, the most important tournament at international level in which any club could participate, for that reason all the winner teams were recognised as world club champions. The last winner of the cup was Portuguese side Porto, defeating Colombian side Once Caldas in a penalty shootout in 2004. |