The European Champion's Cup is the biggest (by reputation) competition in club football.
Format
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Qualification
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Only the top teams from Europe can qualify for the tournament. Each country is allocated a certain number of teams that it may enter to the competition. Generally, teams that win the top league and/or cup tournament win qualification (though the details vary between countries). There are then 4 qualification rounds of the competition, it is an knock-out competition. Depending on how well a team, does in their domestic tournament, some teams may skip some or all of the qualification rounds.
Group Stage
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All qualified teams (32 in total) then enter the group stage. In the group stage, there are 8 groups, each with 4 teams. Each team plays every other team in the group twice - once home; once away. The top two teams in each group qualify for the next round.
Further Rounds
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The further rounds are then in a knock out style. 16 teams enter the second round. Each match is played over two legs, with the winners on aggregate progressing to the next round. If there is a draw, away goals, extra time and penalties can be used (in that order).
Final
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The final has only one leg, played at a neutral ground. If there is a draw, extra time, then penalties are used. The winners of the final earn the European Champion's Cup trophy, as well as earning a large sum of money.
Players
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Once qualified, a team must register a squad of 25 players. These players must all be eligible to play in the EU. Furthermore, there must be 8 Association Grown and 4 Home Grown players.