The 1955/56 European Cup was the first to host this football competition, which was initiated by the journalist Gabriel Hanot (from the French sports daily L'Équipe ) . 16 club teams took part, usually the national champions of the previous season; However, this was not binding until 1957/58. As a result, the Dutch federation did not report the “professional footballers” from Holland Sport , but Philips Eindhoven . Under pressure from the league, which feared competition for the audience's favor, no team from England took part at all, although champions FC Chelsea showed great interest in the preliminary discussions. Even the Soviet Union did not take part in the championship cup until 1967, with reference to the tight schedules due to the long Russian winter.
Apart from the final, the participants played in pure cup mode with home and away games for the crown of European club football. In the event of a tie, there was a playoff in a neutral place. In the first round, the 16 participating clubs were free to decide against whom they would play. This led to a meeting between clubs from socialist Yugoslavia and fascist Portugal, although their governments did not maintain diplomatic relations with one another. The lot determined the pairings only from the quarterfinals.
The final took place on June 13, 1956 in the Prinzenpark in Paris in front of 38,000 spectators. Real Madrid won the trophy for the first time 4-3 against Stade Reims . The most goals scored Miloš Milutinović of Partizan Belgrade with eight goals. The first player to score at least three goals in a game in this competition was Péter Palotás from Vörös Lobogó ( Red Banner ; better known under the traditional name MTK Budapest ) in a 6-3 win over Anderlecht.