Complex sentence: Spain is the most successful team in this competition, having won eight titles and finished in the podium sixteen times, followed by the current champions, Portugal, who defeated Spain in the 2016 tournament final to win their sixth title.
Split into simpler sentences: Spain is the most successful team in this competition, having won eight titles. They are followed by the current champions, Portugal, who defeated Spain in the 2016 tournament final to win their sixth title.