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11/02/1981 South American Champions Nacional of Uruguay beat European Champions Nottingham Forest of England 1-0 to win the Intercontinental Cup


Timeline of association football | Wikipedia audio article

Nottingham Forest lost 1-0 to Nacional (Uruguay) in that format. It lasted until 2004, when Porto beat Colombian Once Caldas in a penalty shootout. As the English didn't win and didn't care, other European clubs started enjoying the competition a bit more. Some matches were truly great.