The tournament was also a qualifying event for the FIFA Club World Championship.

Costa Rica's Deportivo Saprissa won the title with a 3–2 aggregate win over Mexico's UNAM Pumas in the final.

Saprissa qualified for the 2005 FIFA Club World Championship in Japan,[2] finishing third.

This was the last time a non-Mexican team had won the CONCACAF Champions' Cup until 2022, when Seattle Sounders FC of the United States also defeated UNAM Pumas in the final.

UNAM Pumas - 2004 Clausura and 2004 Apertura champion Monterrey - 2004 Apertura runner-up D.C. United - 2004 MLS Cup champion Kansas City Wizards - 2004 MLS Cup runner-up Municipal - UNCAF champion Saprissa - UNCAF runner-up Olimpia - UNCAF third place Harbour View - 2004 CFU Club Championship winner Saprissa won 2–1 on aggregate.