Lobanovskyi is most famous for his spells managing FC Dynamo Kyiv and the USSR national football team. Lobanovskyi established Dynamo as the most dominant club in Soviet football in the 1970s and 1980s, winning the Soviet Top League eight times and the Soviet Cup six times in 16 years. In 1975 his Dynamo Kyiv team became the first side from the Soviet Union to win a major European trophy when they beat Hungarian side Ferencváros in the final of the Cup Winners' Cup. During the tournament, Dynamo Kyiv won eight games out of nine, resulting in a winning percentage of 88.88% – a record among all European main tournaments' winning club sides held for 45 years. Lobanovskyi and the team repeated their Cup Winners' Cup success in 1986, beating Atletico Madrid in the final. In both 1975 and 1986, Dynamo's players (Oleg Blokhin and Igor Belanov respectively) were also rewarded with the Ballon d'Or. During Lobanovskyi's first two stints, the team has also reached the European Cup semi-finals in 1977 and 1987 and quarter-finals in 1976, 1982 and 1983. With the Soviet Union national team, Lobanovskyi reached the finals of Euro 1988, losing the championship to the Netherlands, and won the bronze medal at the 1976 Summer Olympic Games.