The 1969 Intercontinental Cup was a two-legged association football match contested between 1968–69 European Cup champions Milan and 1969 Copa Libertadores winners Estudiantes de La Plata. It was the 10th edition of the competition.
The first leg was played at the San Siro in Milan, on 8 October 1969. Milan won the home game 3–0. The return leg was held on 22 October, at La Bombonera in Buenos Aires. Despite suffering a 2–1 defeat, Milan won the title on aggregate.
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The Intercontinental Cup, officially the European/South American Cup and known from 1980 as the Toyota Cup for sponsorship reasons, was an international club football competition endorsed by UEFA (Europe) and CONMEBOL (South America), contested between representative clubs from these confederations, usually the winners of the UEFA Champions League and the South American Copa Libertadores. It ran from 1960 to 2004, when it was succeeded by the FIFA Club World Cup, although they both ran concurrently in 2000.
From its formation in 1960 to 1979, the competition was as a two-legged tie, with a play-off if necessary until 1968, and penalty kicks later. During the 1970s, European participation in the Intercontinental Cup became a running question due to controversial events in the 1969 match, and some European Cup-winning teams withdrew. From 1980, the competition was rebranded and contested as a single match played in Japan, regarded neutral territory for both contestants, and sponsored by multinational automaker Toyota, which offered a secondary trophy, the Toyota Cup. At that point, the Japan Football Association was involved at a logistical level as host, though it continued to be endorsed by UEFA and CONMEBOL.