Servette had just won the Swiss championship, and organized this event as a counterpoint to the first FIFA World Cup held at the same time in Uruguay, to which only few European countries (Belgium, France, Romania and Yugoslavia) sent a team.

The competition was won by Hungarian Újpest FC who scored 16 goals and conceded only 1 in 4 games.

After winning the Coupe des Nations trophy, Újpest declared themselves 'Champion of the Champions'.

[1] In later years several attempts were made to create a tournament for the Champions of Europe.

North-Italian cities were planning to host the competition in 1931, but it was abandoned due to financial reasons.