The 2001 UEFA Champions League final was a football match that took place at San Siro in Milan, Italy, on 23 May 2001, to decide the winner of the 2000–01 UEFA Champions League. The match pitted German side Bayern Munich against Spanish side Valencia. The match finished in a 1–1 draw, but Bayern clinched their fourth title by winning 5–4 on penalties. This was also their first European Cup title in a quarter-century, while it was Valencia's second consecutive defeat in the only finals they had reached in the competition. Both goals scored in the match were from penalties, with Bayern Munich also missing a penalty in normal time, and a penalty shoot-out was required to decide the winner, with the match being referred to as an "all-penalty" final. The 2001 event was a meeting of the two previous seasons' losing finalists – Bayern Munich lost to Manchester United in 1999 and Valencia lost to Real Madrid in 2000.