The 1967 Intercontinental Cup was a football tie held over three legs in 1967 between the winners of the 1966–67 European Cup, Celtic, and Racing Club, winners of the 1967 Copa Libertadores.

The first leg was played at Hampden Park in Glasgow, with Celtic winning 1–0 through a Billy McNeill header. The game however was marred by Racing Club's incessant cynical fouling and spitting. The return match at El Cilindro in Buenos Aires was also acrimonious, with Celtic's Ronnie Simpson struck by an object thrown from the crowd just before the start of the match. He was badly dazed and had to be replaced by John Fallon. Celtic again took the lead, but Racing Club fought back to win 2–1 through goals from Norberto Raffo and Juan Carlos Cárdenas.

The series of games went to a play-off match in Montevideo, Uruguay. The game was a shambles, exacerbated by Racing Club's continued cynical fouling, Celtic's loss of composure, and the incompetence of the Paraguayan referee who was clearly out of his depth. Riot police had to intervene on the pitch several times as six players were sent off; four from Celtic and two from Racing Club. Celtic's Bertie Auld however refused to leave the field on being "sent off" and still played for the whole game. Racing Club scored the only goal of the game in the second half through Cárdenas, winning the game 1–0 and the Intercontinental Cup series, becoming the first Argentinian holders of the trophy.

The rules of the tournament differed from other cup competitions. A match would take place in the home country of each club taking part. Two points were awarded for a win, one point for a draw and none for a defeat. Unlike other two-legged ties, aggregate scores were not taken into account; in other words a team could win their first match 5-0, then lose the next 4-3, but the clubs would tie on equal points. In event of teams finishing on the same amount of points, a play-off would then take place in a neutral country on the same continent as where the second match took place.

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