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The first time when champions of two European leagues met was in what was nicknamed the 1895 World Championship, when English champions Sunderland beat Scottish champions Heart of Midlothian 5–3. Ironically, the Sunderland lineup in the 1895 World Championship consisted entirely of Scottish players – Scottish players who moved to England to play professionally in those days were nicknamed the Scotch Professors. Prior to that, other "football World Championship" took place, however, those were between Scottish and English cup winners, as the respective leagues were yet established.

The first pan-European tournament was the Challenge Cup, a competition between clubs in the Austro-Hungarian Empire. The Mitropa Cup, a competition modelled after the Challenge Cup, was created in 1927, an idea of Austrian Hugo Meisl, and played between Central European clubs. In 1930, the Coupe des Nations (French: Nations Cup), the first attempt to create a cup for national champion clubs of Europe, was played and organised by Swiss club Servette. Held in Geneva, it brought together ten champions from across the continent. The tournament was won by Újpest of Hungary. Latin European nations came together to form the Latin Cup in 1949.

After receiving reports from his journalists over the highly successful Campeonato Sudamericano de Campeones of 1948, Gabriel Hanot, editor of L'Équipe, began proposing the creation of a continent-wide tournament. After Stan Cullis declared Wolverhampton Wanderers "Champions of the World" following a successful run of friendlies in the 1950s, in particular a 3–2 friendly victory against Budapest Honvéd, Hanot finally managed to c onvince UEFA to put into practice such a tournament. It was conceived in Paris in 1955 as the European Champion Clubs' Cup.

The first edition of the European Cup took place during the 1955–56 season. Sixteen teams participated (some by invitation): Milan (Italy), AGF Aarhus (Denmark), Anderlecht (Belgium), Djurgården (Sweden), Gwardia Warszawa (Poland), Hibernian (Scotland), Partizan (Yugoslavia), PSV Eindhoven (Netherlands), Rapid Wien (Austria), Real Madrid (Spain), Rot-Weiss Essen (West Germany), Saarbrücken (Saar), Servette (Switzerland), Sporting CP (Portugal), Stade de Reims (France), and Vörös Lobogó (Hungary). The first European Cup match took place on 4 September 1955, and ended in a 3–3 draw between Sporting CP and Partizan.The first goal in European Cup history was scored by João Baptista Martins of Sporting CP. The inaugural final took place at the Parc des Princes between Stade de Reims and Real Madrid. The Spanish squad came back from behind to win 4–3 thanks to goals from Alfredo Di Stéfano and Marquitos, as well as two goals from Héctor Rial.

Real Madrid successfully defended the trophy next season in their home stadium, the Santiago Bernabéu, against Fiorentina. After a scoreless first half, Real Madrid scored twice in six minutes to defeat the Italians. In 1958, Milan failed to capitalise after going ahead on the scoreline twice, only for Real Madrid to equalise. The final, held in Heysel Stadium, went to extra time where Francisco Gento scored the game-winning goal to allow Real Madrid to retain the title for the third consecutive season. In a rematch of the first final, Real Madrid faced Stade Reims at the Neckarstadion for the 1959 final, and won 2–0. West German side Eintracht Frankfurt became the first non-Latin team to reach the European Cup final. The 1960 final holds the record for the most goals scored, with Real Madrid beating Eintracht Frankfurt 7–3 in Hampden Park, courtesy of four goals by Ferenc Puskás and a hat-trick by Alfredo Di Stéfano. This was Real Madrid's fifth consecutive title, a record that still stands today.

Anthem

The UEFA Champions League anthem, officially titled simply as "Champions League", was written by Tony Britten, and is an adaptation of George Frideric Handel's 1727 anthem Zadok the Priest (one of his Coronation Anthems). UEFA commissioned Britten in 1992 to arrange an anthem, and the piece was performed by London's Royal Philharmonic Orchestra and sung by the Academy of St. Martin in the Fields. Stating "the anthem is now almost as iconic as the trophy", UEFA's official website adds it is "known to set the hearts of many of the world's top footballers aflutter".

The chorus contains the three official languages used by UEFA: English, German, and French. The climactic moment is set to the exclamations ‘Die Meister! Die Besten! Les Grandes Équipes! The Champions!’. The anthem's chorus is played before each UEFA Champions League game as the two teams are lined up, as well as at the beginning and end of television broadcasts of the matches. In addition to the anthem, there is also entrance music, which contains parts of the anthem itself, which is played as teams enter the field. The complete anthem is about three minutes long, and has two short verses and the chorus.

Special vocal versions have been performed live at the Champions League Final with lyrics in other languages, changing over to the host nation's language for the chorus. These versions were performed by Andrea Bocelli (Italian) (Rome 2009, Milan 2016 and Cardiff 2017), Juan Diego Flores (Spanish) (Madrid 2010), All Angels (Wembley 2011), Jonas Kaufmann and David Garrett (Munich 2012), and Mariza (Lisbon 2014). In the 2013 final at Wembley Stadium, the chorus was played twice. In the 2018 and 2019 finals, held in Kyiv and Madrid respectively, the instrumental version of the chorus was played, by 2Cellos (2018) and Asturia Girls (2019).[61][62] The anthem has been released commercially in its original version on iTunes and Spotify with the title of Champions League Theme. In 2018, composer Hans Zimmer remixed the anthem with rapper Vince Staples for EA Sports' video game FIFA 19, with it also featuring in the game's reveal trailer.

Format

Qualification

The UEFA Champions League begins with a double round-robin group stage of 32 teams, which since the 2009–10 season is preceded by two qualification 'streams' for teams that do not receive direct entry to the tournament proper. The two streams are divided between teams qualified by virtue of being league champions, and those qualified by virtue of finishing 2nd–4th in their national championship.

The number of teams that each association enters into the UEFA Champions League is based upon the UEFA coefficients of the member associations. These coefficients are generated by the results of clubs representing each association during the previous five Champions League and UEFA Cup/Europa League seasons. The higher an association's coefficient, the more teams represent the association in the Champions League, and the fewer qualification rounds the association's teams must compete in.

Four of the remaining six qualifying places are granted to the winners of a six-round qualifying tournament between the remaining 43 or 44 national champions, within which those champions from associations with higher coefficients receive byes to later rounds. The other two are granted to the winners of a three-round qualifying tournament between the 11 clubs from the associations ranked 5 through 15, which have qualified based upon finishing second, or third in their respective national league.

In addition to sporting criteria, any club must be licensed by its national association to participate in the Champions League. To obtain a license, the club must meet certain stadium, infrastructure, and finance requirements.

Group stage and knockout phase

The tournament proper begins with a group stage of 32 teams, divided into eight groups of four. Seeding is used whilst making the draw for this stage, whilst teams from the same nation may not be drawn into groups together. Each team plays six group stage games, meeting the other three teams in its group home and away in a round-robin format. The winning team and the runners-up from each group then progress to the next round. The third-placed team enters the UEFA Europa League.

For the next stage – the last 16 – the winning team from one group plays against the runners-up from another group, and teams from the same association may not be drawn against each other. From the quarter-finals onwards, the draw is entirely random, without association protection. The tournament uses the away goals rule: if the aggregate score of the two games is tied, then the team who scored more goals at their opponent's stadium advances.

The group stage is played from September to December, whilst the knock-out stage starts in February. The knock-out ties are played in a two-legged format, with the exception of the final. The final is typically held in the last two weeks of May, or in the early days of June, which has happened in three consecutive odd-numbered years since 2015. In 2019–20 season, due to the COVID-19 pandemic the tournament was suspended for five months, with the final taking place in August.

Distribution

		Teams entering in this round	Teams advancing from the previous round
Preliminary round (4 teams)		4 champions from associations 52–55
First qualifying round (34 teams)		33 champions from associations 18–51 (except Liechtenstein)	1 winner from the preliminary round
Second qualifying round	Champions Path (20 teams)	3 champions from associations 15–17	17 winners from the first qualifying round
Second qualifying round	League Path (6 teams)	6 runners-up from associations 10–15
Third qualifying round	Champions Path (12 teams)	2 champions from associations 13–14	10 winners from the second qualifying round (Champions Path)
Third qualifying round	League Path (8 teams)	3 runners-up from associations 7–9 2 third-placed teams from association 5–6	3 winners from the second qualifying round (League Path)
Play-off round	Champions Path (8 teams)	2 champions from associations 11–12	6 winners from the third qualifying round (Champions Path)
Play-off round	League Path (4 teams)		4 winners from the third qualifying round (League Path)
Group stage (32 teams)		UEFA Champions League titleholder UEFA Europa League titleholder 10 champions from associations 1–10 6 runners-up from associations 1–6 4 third-placed teams from associations 1–4 ourth-placed teams from associations 1–4	4 winners from the play-off round (Champions Path) 2 winners from the play-off round (League Path)
Knockout phase (16 teams)			8 group winners from the group stage 8 group runners-up from the group stage

Prizes

Trophy and medals

Each year, the winning team is presented with the European Champion Clubs' Cup, the current version of which has been awarded since 1967. From the 1968–69 season and prior to the 2008–09 season any team that won the Champions League three years in a row or five times overall was awarded the official trophy permanently. Each time a club achieved this a new official trophy had to be forged for the following season.[82] Five clubs own a version of the official trophy: Real Madrid, Ajax, Bayern Munich, Milan and Liverpool. Since 2008, the official trophy has remained with UEFA and the clubs are awarded a replica.

The current trophy is 74 cm (29 in) tall and made of silver, weighing 11 kg (24 lb). It was designed by Jürg Stadelmann, a jeweller from Bern, Switzerland, after the original was given to Real Madrid in 1966 in recognition of their six titles to date, and cost 10,000 Swiss francs.

As of the 2012–13 season, 40 gold medals are presented to the Champions League winners, and 40 silver medals to the runners-up.

Prize money

As of 2019–20, the fixed amount of prize money paid to the clubs is as follows:

Preliminary qualifying round: €230,000
First qualifying round: €280,000
Second qualifying round: €380,000
Third qualifying round: €480,000 (Only for clubs eliminated from the champions path, since clubs eliminated from the league path qualify directly for the UEFA Europa League group stage and therefore benefit from its distribution system.)
Base fee for group stage: €15,250,000
Group match victory: €2,700,000
Group match draw: €900,000
Round of 16: €9,500,000
Quarter-finals: €10,500,000
Semi-finals: €12,000,000
Runner-ups: €15,000,000
Champions: €19,000,000

This means that, at best, a club can earn €82,450,000 of prize money under this structure, not counting shares of the qualifying rounds, play-off round or the market pool.

A large part of the distributed revenue from the UEFA Champions League is linked to the "market pool", the distribution of which is determined by the value of the television market in each nation. For the 2014–15 season, Juventus, who were the runners-up, earned nearly €89.1 million in total, of which €30.9 million was prize money, compared with the €61.0 million earned by Barcelona, who won the tournament and were awarded €36.4 million in prize money.

Uefa Champions League

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