 Liverpool 's triumph marked their fifth European Cup and the first by an English team since Manchester United had defeated Bayern Munich in the 1999 final in Barcelona . By winning the European Cup for a fifth time , Liverpool earned the privilege of wearing a multiple @-@ winner badge and the right to keep the trophy ( under normal competition rules , the winning club can keep the trophy for only 10 months , as they must deliver it to UEFA two months before the next year 's final ) . The 2005 – 06 participants competed for a new identical trophy . The rule to keep the trophy , which had been in effect since the 1968 – 69 season , was changed for the 2009 – 10 season , so that the actual trophy remained with UEFA at all times , thus Liverpool was the fifth and last club to accomplish the feat . 
