Valery Lobanovsky's image on the scoreboard during the 2007 Memorial Tournament
Valeri Lobanovsky Memorial Tournament (Ukrainian: Турнір Пам'яті Валерія Лобановського) (before 2005); and since 2005 it is called the International Valeri Lobanovsky Memorial Tournament (Ukrainian: Міжнародний Турнір Пам'яті Валерія Лобановського). This tournament was created in honour and memory of Valeri Lobanovsky since his death on 13 May 2002, hence the name Memorial. The idea was initiated by the FC Dynamo Kyiv management and the tournament is played at the V.V. Lobanovsky Dynamo Stadium in Kiev, Ukraine.
The tournament recently gained FIFA recognition and support.
Since 2005, the tournament participants are a group of four selected national teams. From 2006 the tournament participants have been the Under-21 National Teams. The teams start-off in semifinals and the winners go on to play in the final; the other two teams play for the 3rd place.