The competition was founded by Milan owner Silvio Berlusconi in memory of his father Luigi, and it was originally intended to be contested by the Rossoneri and former European Cup winners; in the first edition which took place on 23 August 1991; they faced Juventus.
Over the next three years, Milan played against Internazionale, Real Madrid and Bayern Munich respectively, winning all three times.
The game returned in 2014 with the 23rd edition; it was scheduled in November, but was not played against Juventus, but an Argentinian team, San Lorenzo: Milan won the game 2–0 to earn its 13th trophy.
In 2021, the tournament was restored and, for the first time in its history, did not involve Milan.
'* defeated Internazionale, Real Madrid, Bayern Munich and San Lorenzo respectively