The Atlantic Cup is contested between the champions of the Icelandic Premier League and the champions of the Faroe Islands Premier League.[1]
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In 1999 the Icelandic Champions from 1998, IBV Vestmannaeyar, visited the Faroe Islands to play a match against the Faroese champions from 1998, HB Tórshavn. The match ended in a 2-2 draw, but because it was a cup game, it was decided on penalties (no extra time was played). The Icelandic team scored on all of their attempts, while the Faroese Champions missed their first penalty, and therefore IBV Vestmannaeyar won the shootout 5-3.
But it was HB who probably should have won the match, as they were leading both 1-0 and 2-1, but allowed IBV to equalize twice, the second equalizer was just 2 minutes from time.
HB had taken the lead through a Andrew av Fløtum goal after 27 minutes. The second half was only into the 1st minute before the teams were level again, because of a HB owngoal. However, HB took the lead again in the 70th minute, thanks to a Bjarki Mohr goal. But just 2 minutes from time, IBV were awarded a penalty, which Sindri Grétarsson converted from the spot to make it a 2-2 draw. And because IBV won the penalty shootout, they also took the cup.
At this time, the cup had no name, but both clubs had enjoyed the match and people were talking about making it an annual meeting.
But no match was played for the next 3 years, then in 2002 the Faroe Islands Football Association, the Football Association of Iceland and the fund FITUR (which provides support to the furthering of cooperation between The Faroe Islands and Iceland, in order to promote further relations between the countries), decided to make it an annual event, that the champions of Faroese and Icelandic leagues should meet in what became the Atlantic Cup. The match is to be played the last weekend in April, every other year in the Faroe Islands, and every other year in Iceland.
| 28 April 2002 |
B36 Torshavn | 1 – 2 | ÍA Akranes | Gundadalur, Faroe Islands |
|---|---|---|---|---|
| Petersen 86' | Bjørnsson 44' Steinsson 48' |
| 27 April 2003 |
KR Reykjavík | 2 – 0 | HB Tórshavn | KR-völlur, Iceland |
|---|---|---|---|---|
| Gunnlaugsson 28' Ólafsson 60' (pen) |
| 24 April 2004 |
HB Torshavn | 3 – 1 | KR Reykjavík | Gundadalur, Faroe Islands |
|---|---|---|---|---|
| Nolsøe 13' Mortensen 24' (pen) Rubeksen 40' |
Jónasson 90' |
| 24 April 2005 |
FH Hafnarfjørður | 4 – 1 | HB Torshavn | Egilshöll, Iceland |
|---|---|---|---|---|
| Gudmundsson 23' (pen) 60' Borgvardt 30' Ásgeirsson 80' |
Leifsson 85' |
| 29 April 2006 |
B36 Torshavn | 2 – 2 | FH Hafnarfjørður | Gundadalur, Faroe Islands |
|---|---|---|---|---|
| Benjaminsen 12' Sylla 49' |
Snorrason 17' Guðnason 80' |
|||
| Penalties | ||||
| Benjaminsen Thomassen Matras dos Santos |
3 – 1 | Smári Guðnason Vilhjálmsson Dyring |
In 2007, the match between FH Hafnafjørdur and HB Tórshavn was cancelled. It was planned to take place in Reykjavik in March instead of April, but the fund FITUR, who had sponsored the event, closed down.
The trip to Iceland became too expensive for HB Tórshavn. So HB announced that they wouldn't take part in the Atlantic Cup that year.[2]
| 28 April 2008 |
Valur | 5 – 2 | NSÍ Runavík | Kópavogsvöllur, Iceland |
|---|---|---|---|---|
| Sævarsson Pálmason Aðalsteinsson Mortensen |
Stojkovic Elttør |