On 19 October 1974, Independiente won their third straight Copa Libertadores--and fifth overall--beating São Paulo in a playoff, 1-0.
Going into the final, Independiente were already the tournament's most successful team, winning it in 1964, 1965, 1972, and 1973, while São Paulo were in the final for the first time. But they split the two legs, with São Paulo winning 2-1 in Brazil and Independiente taking the honors in Argentina, 2-0. Level on points, they met at the Estadio Nacional in Santiago for a playoff.
There, 60,000 people looked on as Independiente left back Ricardo Pavoni scored in the 37th minute. It was the only goal of the match, giving Independiente the win, their fifth title in five final appearances for the Argentinians.
They continued their perfect record in the final, winning it again in 1975 and 1984. São Paulo, meanwhile, reached the final five more times, lifting the cup in 1992, 1993, and 2005.