When the Europeans Champions Clubs' Cup was started in 1955, the Venezuelan competition lost importance and was discontinued in 1957. Although the tournament was relaunched in 1963, its relevance decreased as the Intercontinental Cup (first held in 1960) was then established as the major, official intercontinental competition for both South American and European clubs. During the 1963–75 period, the trophy was also named "Copa Ciudad de Caracas".