The event took place on February 21, 1997 in the Convention Center in Ciudad Madero, Tamaulipas, Mexico.

The final match of the tournament pitted Latin Lover, Heavy Metal, Héctor Garza and Octagón against each other.

Starting in 1997 and every year since then the Mexican Lucha Libre, or professional wrestling, company AAA, or Triple A, has held a Rey de Reyes (Spanish for "King of Kings') show in the spring.

From 1999 through 2009 AAA also held an annual Reina de Reinas ("Queen of Queens") tournament, but later turned that into an actual championship that could be defended at any point during the year, abandoning the annual tournament concept.

Wrestlers were portrayed as either heels (referred to as rudos in Mexico, those that portray the "bad guys") or faces (técnicos in Mexico, the "good guy" characters) as they followed a series of tension-building events, which culminated in a wrestling match or series of matches.