On 28 November 2000, Boca Juniors won their second Intercontinental Cup, upsetting Real Madrid 2-1.
Madrid, winners of the previous season's Champions League, had lifted the Intercontinental Cup in 1960 and 1998 and were looking for their third trophy. Led by the attacking trio of Raúl, Guti, and Luís Figo, they were heavily favored over Copa Libertadores champions Boca Juniors, who had themselves won the Intercontinental Cup in 1977.
But playing before a crowd of over 52,000 at the National Stadium in Tokyo, the Spaniards were stunned to find themselves down 2-0 after only five minutes, with both goals delivered by forward Martín Palermo. For the first, in the third minute, he received a cross at the edge of the 6-yard box and fired home past keeper Iker Casillas. Two minutes later, he ran onto a long lobbed ball and held off pressure from a Madrid defender before firing it past the hands of the diving Casillas.
Real Madrid back Roberto Carlos pulled one back in the 11th minute. But even though they enjoyed the lion's share of possession, they could not crack the Boca defense again.
Madrid did eventually win a third Intercontinental Cup in 2002, followed by Boca's third in 2003.