Copa Libertadores
The CONMEBOL Libertadores, also known as the Copa Libertadores de América, is an annual international club football competition organized by CONMEBOL since 1960. It is the highest level of competition in South American club football. The tournament is named after the Libertadores (Spanish and Portuguese for liberators), the leaders of the South American wars of independence, so a literal translation of its former name into English is "American Liberators' Cup".
In the present format, the tournament consists of eight stages, with the first stage taking place in late January. The four surviving teams from the first three stages join 28 teams in the group stage, which consists of eight groups of four teams each. The eight group winners and eight runners-up enter the knockout stages, which end with the final in November.
The winner of the Copa Libertadores becomes eligible to play in the FIFA Club World Cup and the Recopa Sudamericana.