On 8 December 1991, Red Star won the Intercontinental Cup, beating Colo-Colo 3-0 despite having only 10 men for more than half the match.
The most successful club in Chile, Colo-Colo were in the midst of their brightest period, having won three straight league titles from 1989 to 1991 as well as the 1991 Copa Libertadores. Red Star's pedigree was just as strong, however, including three of the last four Yugoslav First League titles and the 1991 European Cup. They also had center forward Darko Pančev, the league's top scorer in 1990 and 1991.
But when the teams met in Tokyo, the star of the day was midfielder Vladimir Jugović, who scored twice (19', 58') to give Red Star a 2-0 lead. His first goal capped the end of a dynamic passing attack as Jugović surged into the box to reach a low cross, then blasted it past keeper Daniel Morón. His second came after a scramble in the box that left Morón out of position and let Jugović knock the ball into an unguarded net from six yards out.
In between, Red Star lost midfielder Dejan Savićević—who had provided the assist for Jugović's first goal—to a 42nd-minute red card.
Pančev finally got on the scoresheet late, as midfielder Siniša Mihajlović outraced his defender to go one-on-one with Morón, then crossed the ball to Pančev for an easy finish and a final score of 3-0.