The first leg was held on 15 December 1971 at the Karaiskakis Stadium, home of Olympiacos, as Panathinaikos ground was deemed unsuitable. The match finished up as a 1–1 draw. The goals came from Totis Filakouris in the 48th minute and Luis Artime in the 50th minute. Julio Morales broke the leg of Yiannis Tomaras and was sent off. Estadio Centenario hosted the return leg 13 days later on 28 December 1971.[2] In the second leg, Nacional beat Panathinaikos 2–1, therefore the Uruguayan club won the series 3–2 on aggregate to achieve their first Intercontinental Cup trophy.[3] Argentine striker Luis Artime was the keyplayer of the series after scoring three goals on both matches.[4]
