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The 1998–99 Asian Club Championship was the 18th edition of the annual international club football competition held in the AFC region (Asia). It determined that year's club champion of association football in Asia.

Júbilo Iwata of Japan won the final and became Asian champions for the first time.

First round

West Asia

Team 1	Agg.Tooltip Aggregate score	Team 2	1st leg	2nd leg
Al-Quwa Al-Jawiya	9–0	Khidmat Rafah	7–0	2–0
Al-Ain	7–2	Oman	5–2	2–0
Al-Ansar	3–3 (a)	Al-Arabi	1–0	2–3
West Riffa	2–3	Al-Wahda	2–0	0–3(aet)
Al-Salmiya	2–3	Al-Hilal	0–0	2–3
Köpetdag Aşgabat	4–4	FC Irtysh	4–1	0–3
Vakhsh Qurghonteppa	w/o	FK Neftchy Farg'ona
Esteghlal	bye

Both legs were played in Baghdad, Iraq by mutual agreement.
FC Irtysh were ejected from the competition for using two ineligible players.
FK Neftchy Farg'ona withdrew.

East Asia

Team 1	Agg.Tooltip Aggregate score	Team 2	1st leg	2nd leg
Pohang Steelers	6–0	Cảng Sài Gòn	2–0	4–0
Singapore Armed Forces	2–4	Selangor FA	1–4	1–0
Instant-Dict FC	0–7	Júbilo Iwata	0–3	0–4
BEC Tero Sasana	6–1	Three Star Club	6–1	n/p
Dalian Wanda	6–0	East Bengal Club	6–0	0–0
Club Valencia	0–6	Busan Daewoo Royals	0–2	0–4
Allied Bank	w/o	Saunders SC
Finance and Revenue	bye

Selangor FA were entered after Penang, who had beaten them for the championship, withdrew due to excessive travel costs.
BEC Tero Sasana finished fourth, but were entered after the three clubs who finished above them for the championship withdrew due to excessive travel costs.
The match was played over one leg by mutual agreement.
Allied Bank Limited FC withdrew.
Finance and Revenue were drawn against the representatives of Indonesia, where the 1997/98 season was abandoned and the championship withheld due to political and economic turmoil in the country.

Round of 16

West Asia

Team 1	Agg.Tooltip Aggregate score	Team 2	1st leg	2nd leg
Al-Quwa Al-Jawiya	1–3	Esteghlal	1–1	0–2
Al-Ain	3–2	Al-Ansar	3–1	0–1
Al-Wahda	2–6	Al-Hilal	2–2	0–4
Vakhsh Qurghonteppa	0–6	Köpetdag Aşgabat	0–1	0–5

East Asia

Team 1	Agg.Tooltip Aggregate score	Team 2	1st leg	2nd leg
Dalian Wanda	3–1	BEC Tero Sasana	3–0	0–1
Júbilo Iwata	4–0	Finance and Revenue	4–0	n/p
Saunders SC	1–9	Busan Daewoo Royals	1–4	0–5
Pohang Steelers	10–1	Selangor FA	6–0	4–1

The match was played over one leg by mutual agreement.

Quarterfinals

West Asia

Team	Pld	W	D	L	GF	GA	GD	Pts
Al-Ain	3	2	0	1	7	2	+5	6
Esteghlal	3	2	0	1	3	2	+1	6
Al-Hilal	3	1	0	2	5	5	0	3
Köpetdag Aşgabat	3	1	0	2	4	10	−6	3

Al-Ain	6–1	Köpetdag Aşgabat
Majed Hamad 5' 80' Abdullah Shila 14' 41' Abédi Pelé 55' Helal Saeed 8?'		Vladimir Bairamov 20'

Al-Hilal	1–2	Esteghlal
Bashar Abdullah 47'		Farhad Majidi 13' Sirous Dinmohammadi 40'

Al-Ain	0–1	Esteghlal
		Alireza Akbarpour 70'

Al-Hilal	4–2	Köpetdag Aşgabat
Elijah Litana 17' Nawaf Al-Temyat 21' Abdullah Al-Dossary 41' Sami Al-Jaber 62' (pen.)		Azat Kuldjaqazov 14' Vladimir Bairamov 31'

Al-Ain	1–0	Al-Hilal
Garib Harib 68'

Esteghlal	0–1	Köpetdag Aşgabat
		Vladimir Khalikov 72'

East Asia

Team	Pld	W	D	L	GF	GA	GD	Pts
Dalian Wanda	3	1	2	0	5	3	+2	5
Júbilo Iwata	3	1	1	1	3	3	0	4
Pohang Steelers	3	0	3	0	3	3	0	3
Busan Daewoo Royals	3	0	2	1	3	5	−2	2

Júbilo Iwata	1–1	Pohang Steelers
Masashi Nakayama 28'		Park Sang-in 48'

Dalian Wanda	2–2	Busan Daewoo Royals
Hao Haidong 42' Wang Peng 64'		Ahn Jung-Hwan 45' (pen.) Kim Jae-Young 81'

Busan Daewoo Royals	1–1	Pohang Steelers
Lee Savik 17' (o.g.)		Park Sang-in 15'

Dalian Wanda	2–0	Júbilo Iwata
Hao Haidong 1', 74'

Busan Daewoo Royals	0–2	Júbilo Iwata
		Daisuke Oku 63' Toshiya Fujita 90'

Dalian Wanda	1–1	Pohang Steelers
Wang Peng 16'		Abbas Obeid Jassim 60'

Semifinals

Al-Ain	2–2	Júbilo Iwata
Fahd Hasan 35' 66'		Makoto Tanaka 15' Toshiya Fujita 37'

Dalian Wanda	3–4	Esteghlal
Yan Song 60' 63' Li Ming 77'		Mahmoud Fekri 44' Ali Mousavi 51' 108' Alireza Akbarpour 84'

Third place match

Al-Ain	3–2	Dalian Wanda
Seydou Traoré 7' Abédi Pelé 61' Grarib Harib Farhan 80'		Yan Song 23' Václav Němeček 44'

Final

Júbilo Iwata	2–1	Esteghlal
Hideto Suzuki 36' Masashi Nakayama 45'		Sirous Dinmohammadi 66'

Awards

Award	Player	Team
Most Valuable Player	Seydou Traoré	Al-Ain
Fair Play Award	—	Júbilo Iwata

References

1. "Asian Club Championship 18th Edition 1998/99". Asian Football Confederation. 22 April 1999. Archived from the original on 22 April 1999.

• Asian Club Competitions 1999 at RSSSF.com

• 1998 in Asian football
• 1999 in Asian football
• Asian Club Championship seasons