The first Inter-Cities Fairs Cup took place over three seasons from 1955 to 1958. The competition began with a group stage with each team playing home and away against each other. Due to the competition rules which stated only one side from each city was allowed to compete, many cities with several football clubs picked the best players from those teams to create a city representative side. One of these, the London XI, went on to reach the final where they were beaten over two legs by the Barcelona XI.

The Inter-Cities Fairs Cup, sometimes referred to as the European Fairs Cup, Fairs Cities' Cup, or simply as the Fairs Cup, was a European football competition played between 1955 and 1971. It is considered the predecessor to the UEFA Cup. The competition was the idea of FIFA vice-president and executive committee member Ernst Thommen, Italian Football Federation president and FIFA executive committee member Ottorino Barassi, and the English Football Association general secretary, Stanley Rous, who later became an executive committee member and vice-president of UEFA (1958–1961) and president of FIFA (1961–1974). As the name suggests, the competition was set up to promote international trade fairs. Friendly games were regularly held between teams from cities holding trade fairs and it was from these games that the competition evolved. Initially, the competition was only open to cities that hosted trade fairs, and where the cities' clubs finished in their national league had no relevance. Early competitions also featured a "one city, one team" rule, with some teams selected from multiple clubs.