Atléti, Anderlecht, Arsenal, Ajax, Fiorentina, Milan, Parma and PSG all played finals as reigning champions – and they all lost
Most of the great football tournaments start with a dynasty. Think Preston North End, the Invincibles and the First Division. Or Real Madrid’s early domination of the European Cup. In Italy, it was Genoa – brimming with English players and originally a cricket club – who took home six of the first seven championships.
All of these competitions were helped along by an all-conquering team who sent out out a message to any prospective challengers: this is a piece of silverware that is worth winning. But there is one tournament that clearly does not fit this pattern: the Cup Winners’ Cup, which was contested in 39 seasons but never retained.
Source: Football News
Link : In praise of the Cup Winners’ Cup, the competition that was never retained