The tournament was particularly notable for Australian fans for a remarkable extreme-long range goal scored by Charlie Yankos in Australia's unexpected 4–1 win over then World Champions Argentina.[4] Brazil were eventual winners, beating Australia 2–0 in the final.[5] Argentina took out 3rd place beating Saudi Arabia 2–0 in the third place match.
Teams played each other once in a round robin group stage. Each team was awarded 2 points for a win, 1 for a draw and 0 for a loss. The top two teams from the group played in a final and the bottom two teams played in a 3rd place match.[6]