The European Champion Clubs' Cup was rebranded the UEFA Champions League for the 1992/93 season – formalising the mini-league group stage system that had been tried the previous year.
• Juventus and Italy forward Roberto Baggio wins the Ballon d'Or, with Dennis Bergkamp coming second and Eric Cantona third.
• Australian spinner Shane Warne bowls the 'Ball of the Century' to Mike Gatting in the first Ashes Test at Old Trafford.
• Democrat Bill Clinton succeeds George Bush to become the 42nd President of the United States.
• Nelson Mandela and South Africa President F W de Klerk win the Nobel Peace Prize for their work to terminate apartheid.