For losing finalists Celtic, this marked the second – and to date most recent – European Cup Final appearance in club history, after the famous win by the "Lisbon Lions" side in the 1967 edition. The match nearly never took place due to massive strikes throughout Italy during 1970; the Italian Football Federation backed down to ensure that their own clubs would be able to compete in further UEFA competitions.
In contrast to their win in the European Cup Final three years prior, in which they had gone into the match as heavy underdogs against Inter, this time around, Celtic entered the final as strong favourites. However, despite Tommy Gemmell opening the scoring after 30 minutes, they were comprehensively outplayed by Feyenoord. The Dutch team's manager, Ernst Happel, ensured Celtic winger Jimmy Johnstone was double marked at all times, whilst the midfield trio of Franz Hasil, Willem van Hanegem and Wim Jansen dominated their Celtic counterparts. Rinus Israël quickly equalised with his head, the first Feyenoord-goal in this campaign scored outside their home stadium. Celtic managed to hold on at 1–1 to force extra time. With just a few minutes of extra-time remaining, a long free-kick from the Feyenoord half was sent towards the Celtic penalty area. Celtic defender and captain Billy McNeill stumbled and misjudged the ball, and as he tried to recover he appeared to punch the ball away. Before the referee had a chance to award a penalty, Ove Kindvall reacted quickly, running on and chipping the ball over the advancing goalkeeper Evan Williams to seal a 2–1 win for Feyenoord.
^Though the club was invariably referred to as either SC Feijenoord (the original Dutch spelling) or Feyenoord (the spelling used internationally) in the years prior, it would not be until 1974 that the club officially changed its name to Feyenoord, which is an Anglicanised spelling.
^"Wist u dat..."stadionfeijenoord.nl (in Dutch). Stadion Feijenoord N.V. Archived from the original on 31 December 2007. zowel Stadion Feijenoord als Feyenoord Rotterdam met een lange ij geschreven werd. Pas in 1974 besloot de voetbalclub een y te gebruiken, de lange ij gaf namelijk problemen met de uitspraak in het buitenland