The UEFA Champions League is UEFA's most prestigious club competition. It was originally created as the European Champion Clubs' Cup for the 1955/56 season, before its format and name were changed in 1992.
Real Madrid CF have been the most successful side in the UEFA Champions League, winning the competition three times. They are also the most successful side overall with nine triumphs, followed by six for AC Milan and five for current champions Liverpool FC.
The Champions League is open to each national association's domestic champions, as well as clubs who finish just behind them in their respective domestic championship. The number of clubs that can be entered by an association and their entry point in the competition depends on the association’s position in UEFA's coefficient ranking list.
Since its inception in 1992/93, the Champions League has continued to evolve, maintaining a mixture of round-robin group matches as well as its traditional knock-out format. The current format was introduced in 2003/04. After three qualifying rounds, 32 teams contest the group stage, divided into eight groups of four. The group winners and runners-up advance to the knock-out stage, the eight third-placed teams move into the UEFA Cup third round, and the eight fourth-placed teams are eliminated.
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