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  • France win their second European Championship title after beating Italy 2-1, with a golden goal in extra time;
  • First FIFA Club World Cup, won by Sport Club Corinthians Paulista.
  • Real Madrid sign playmaker Zinedine Zidane of Juventus in a world record transfer fee of 72 million euros
  • Colombia won the 40th edition of Copa América, held in Colombia.
  • Is played for the first time a women's football tournament at the Island Games in Isle of Man, for FAs not admitted to FIFA, won by Faroe Islands.
  • Australia national team beat American Samoa 31-0 in the World Cup Qualification, is the World Record in an international match, record which stands to this day.

Timeline— Maldini makes football history by captaining AC Milan to a champions league victory, a feat his father did with AC Milan exactly 40 years before. Founded the NF-Board, the first international organization for FAs not admitted to FIFA. Rangers win their 50th League Championship. 2004 in football — Greece produce one of the shocks in football history and become surprise winners of the UEFA Euro 2004 football tournament, defeating the host nation Portugal 1-0 in the final. Waitakere United is founded. Arsenal completed the 2003-04 FA Premier League unbeaten.

— The Champions League final in Istanbul sees Liverpool come back from a 0-3 half-time score to defeat A.C. Milan 3-2 in a penalty shootout, following a 3-3 draw. Also, a match-fixing scandal rocks German football, though it does not directly affect the First Bundesliga. Arsenal was named "The Invincibles" for their 49 league matches unbeaten run. The Australian A-league is launched in replacement of the 'NSL' to improve the quality of the game in the country.