The UEFA Champions League (usually referred to as simply the Champions League or historically as the European Cup) is an annual association football cup competition organised by UEFA since 1955 for the top football clubs in Europe. The final of the competition is the most watched annual sporting event worldwide, drawing just over 100 million television viewers.
Prior to 1992 the tournament was officially called the European Champion Clubs' Cup but was usually referred to as simply the European Cup or European Champions' Cup. The competition was initially a straight knock-out competition open only to the champion club of each country. During the 1990s the tournament was expanded, incorporating a round-robin group phase and more teams.
The tournament was inaugurated in 1955, at the suggestion of the French sports journalist and editor of L'Équipe Gabriel Hanot, who conceived the idea after receiving reports from his journalists over the highly successful Campeonato Sudamericano de Campeones of 1948. It was conceived as a competition for winners of the European national football leagues, as the European Champion Clubs' Cup, abbreviated to European Cup.
The original European Cup trophy was donated by Hanot's employers L'Équipe. This trophy was awarded permanently to Real Madrid in March 1967. Celtic became the first club to win the cup in its current design later that year. The replacement trophy, with a somewhat different design from the original, was commissioned by UEFA from Jörg Stadelmann, a jeweller from Bern in Switzerland. At a cost of 10,000 Swiss Francs, it was silver, 74 cm high, weighing 8 kg. The trophy bears the title "coupe des clubs champions européens". The current trophy is the sixth version of Stadelmann's trophy, and has been in use since 2006, after Liverpool won their fifth European Cup in 2005. Liverpool are the last club ever to be allowed retain an original trophy.
The previous rule to allow a club to keep the trophy after five wins or three consecutive wins was introduced before the 1968–69 season. The new regulations however state that the trophy remains in UEFA's keeping at all times and that a full-size replica trophy is awarded to every winner of the competition. Also a club that gets 3 consecutive or 5 overall wins will get a special mark of recognition instead of the original trophy. Source: Wikipedia  
Click on the links below to view the replicas.