'Grand Final'; Spanish: Finalísima) was the third edition of the CONMEBOL–UEFA Cup of Champions, an intercontinental football match between the winners of the previous South American and European championships.

The match, a revival of the Artemio Franchi Cup last played 29 years prior, was organised by UEFA and CONMEBOL as part of a renewed partnership between the two confederations.

[6] It was the national team equivalent to the former Intercontinental Cup on the club level, which was played between the winners of the European Cup/UEFA Champions League and Copa Libertadores.

[9] On 12 February 2020, UEFA and CONMEBOL signed a renewed memorandum of understanding meant to enhance cooperation between the two organisations.

As part of the agreement, a joint UEFA–CONMEBOL committee examined the possibility of staging European–South American intercontinental matches, for both men's and women's football and across various age groups.

[11] On 15 December 2021, UEFA and CONMEBOL again signed a renewed memorandum of understanding lasting until 2028, which included specific provisions on opening a joint office in London and the potential organisation of various football events.

The stadium was a host venue of UEFA Euro 2020, including the final, won by Italy on penalties over England.

The original stadium, formerly known as the Empire Stadium, opened in 1923 and hosted matches at the 1966 FIFA World Cup, including the final, which saw hosts England beat West Germany 4–2 after extra time, and at UEFA Euro 1996, including the final, in which Germany defeated the Czech Republic.

[14] The stadium capacity was 86,000 for the match, with tickets sold to fans and the general public on a first-come, first-served basis via UEFA.com.

[33] He was joined by his fellow countrymen Christian Schiemann and Claudio Ríos as assistant referees.