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The competition started on 26 May 1971 and concluded on 12 June 1971 with Blackpool beating Bologna 2–1 in the final.
Details
The twelve teams were divided into three groups of four teams — two from England and two from Italy. Each team plays the two foreign teams twice, home and away. The teams are then ranked against teams in their own country in a league, and the top-ranked teams from each country play off in a final for the trophy.