Corinthians beat Chelsea 1-0 to win the Club World Cup, becoming only the second club to win the tournament twice [Barcelona being the other] and the first non-European winner since 2006.
Chelsea had the better run of play in the first half but could not find the opening goal.
Jose Paolo Guerrero made the Blues pay for their wasteful showing, scoring in the 69th minute to see Corinthians take the lead.
Chelsea's fight back became even tougher in the 90th minute when Gary Cahill was handed a red card, but last season's European champions made a dramatic finish of the title match.
Fernando Torres thought he had pulled Chelsea level in the second minute of stoppage time, but the goal was disallowed after the Spaniard was ruled offside by the assistant referee.
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"We played a high quality match," a delighted Corinthians coach Tite said afterwards.
"Everything went well. Each player performed their own role and were able to do well in their position. I'm very happy."
But interim Chelsea boss Rafael Benitez felt his team was unlucky to lose, ruing several missed chances.
"We knew it would be a tough game against a good team. I think they had one (clear cut) chance and they scored and we didn't take our chances. That was the difference."
CONCACAF champions Monterrey took third place earlier yesterday, defeating Al Ahly 2-0 through goals from Jesus Corona and Cesar Delgado.
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