 Brazilian press at the time dubbed it a "club world cup", a title that would later be applied to the Intercontinental Cup (1960–2004) and eventually the FIFA Club World Cup, first held in 2000.The status of the competition as an official "world cup" is disputed, as 1951 winning club Palmeiras regard its championship team as the first ever club football world champions.In 2014, FIFA acknowledged the 1951 Copa Rio as "the first worldwide club competition and Palmeiras as its winner," however it was later clarified that they did not confer the competition with the same status as the currently active FIFA Club World Cup or the Intercontinental Cup (the only competition not organized directly by FIFA but which the FIFA Council has retroactively defined as a "world championship" equivalent to the Club World Cup).