The award is given by the International Federation of Football History & Statistics (IFFHS), the entity has also produced a monthly Club World Ranking.

In continental competitions, all clubs receive the same number of points at all stages regardless of the performance level of their leagues.

The point assignment system is still lower for the AFC, CAF, CONCACAF and OFC continental tournaments.

Competitions not organized by a continental confederation, or any intercontinental events not recognized by FIFA, are not taken into consideration.

These clubs were awarded with a golden trophy and a certificate during the World Football Gala celebrated at Fulham, London, on 11 May 2010.