The world governing body has deemed that only the Club World Cup, now held by Real Madrid, has officially crowned the best team on the planet
Winners of the legendary Intercontinental Cup tournament will no longer be considered world champions, according to a statement from FIFA.
The annual tournament started in 1960 and brought together the winners of the Copa Libertadores in South America and the champions of the European Cup - later rebranded as the Champions League - before being supplanted by the Club World Cup in 2000.
But according to the world governing body, teams that lifted the old trophy do not have the right to call themselves the best on the planet.