Wikipedia summarizes something all faithful readers of Reepicheep should know (but may not because they live in a country that doesn't appreciate the finer things in life)-
The UEFA Champions League (usually referred to as simply the Champions League or less frequently as the European Cup) is an annual footballcup competition organised by UEFA since 1955 for the top football clubs in Europe. It is the most prestigious club trophy in European football.
Prior to 1992 the tournament was officially called the European Champion Clubs' Cup but was usually referred to as simply the European Cup or European Champions' Cup. The competition was initially a straight knockout competition open only to the champion club of each country. During the 1990s the tournament began to be expanded, incorporating a round-robin group phase and more teams. Europe's strongest national leagues now provide up to four teams each for the competition. The UEFA Champions League is not to be confused with the UEFA Cup.
The tournament consists of several stages. In the present format it begins in mid-July with three knockout qualifying rounds. The 16 surviving teams join 16 seeded teams in the group stage, in which there are eight groups consisting of four teams each. The eight group winners and eight runners-up enter the final knockout phase, which ends with the final match in May.
Just minutes ago FC Barcelona defeated Manchester United 2-0 behind goals from to of the world's greatest players, Samuel Eto'o and Lionel Messi, to capture the championship.
Ah, soccer glory...nothing quite like it.