Victory for the German champion creates a lucrative treble after also winning the league and domestic cup earlier this year.
Despite all the attacking talent on display, one goal was enough to separate the two sides with former PSG man Kingsley Coman in the winning goal in the 59th minute.
Coman, a French international, led his headline in the bottom corner to add another trophy to his cabinet.
The 24-year-old has won the league title in every season he has spent as a professional, starting with PSG’s Ligue 1 victory in 2013.
Meanwhile, it is even more European disappointment for PSG who played in their first final.
The French champions, who are also bidding for a treble, have been obsessed with winning the Champions League since Qatar Sports Investments bought the Paris club in 2011.
More than one billion dollars has been spent on the playing field, but stars such as Neymar and Kylian Mbappe could not get their way past a dominant Bayern that had not yet succeeded in 2020.
Cagey finale
Played behind closed doors at the Estádio da Luz, this was not the classic final that many had hoped for, after both sides scored so freely throughout the tournament.
The Brazilian Neymar was denied the opener by a superb save from Manuel Neuer before Bayern’s Robert Lewandowski hit the post and saved a header in an otherwise cagey first half.
Bayern’s high defensive line, in many ways its greatest strength, also gave encouragement to the lightning fast PSG attackers.
Mbappe and Neymar spent the night on the shoulders of Bayern’s defenders, waiting for the trigger to run behind, but failed to convert when given the chance.
The second half hardly improved in terms of quality, with Coman delivering the only decisive offensive play of the game.
“Winning the trophy today is the best thing that could have happened to us. We worked incredibly hard and in the end it got through to the best team in Europe,” Bayern winger Serge Gnabry told BT Sport after the match.
“It’s the final. Paris came out to win and so did we. No one will give up easily, but we got through.
“As long as it was 0-0, it always went open for us. Of course they would have chances. It was luck that they didn’t score and luck that we scored.”
Dominant Bayern
Bayern have enjoyed domestic dominance in Germany – they have now won eight consecutive Bundesliga titles – but success in Europe has been scarce since their last Champions League triumph in 2013.
Under Hans-Dieter Flick, however, Bayern have been on an unlikely undefeated run and were favorites to triumph over PSG’s glittering stars.
With Sunday’s victory, it became the first team to win all 11 Champions League games from the group stage, scoring 43 goals in those matches.
Striker Robert Lewandowski had one of the greatest individual seasons in the history of the competition, but failed to get the two goals needed to match Cristiano Ronaldo’s 17 goal in one campaign.
“It feels really good. It’s everything you dream of as a child to come to Europe and win the Champions League with a great club like Bayern,” said 19-year-old Canadian left-back Alphonso Davies, after playing for BT Sport. “It’s just going to show the team I have around me.”
“It shows that you can do anything you set your mind to. I’m happy to be here with the Champions League medal around my neck and the trophy on the side.
“We know that legends have won this title before, so as a youngster that comes in you want to continue that. Every young player at this club is hungry to win titles because they see their idols do it.”
In memorable Champions League
It has certainly been the earliest Champions League in the history of competition. It started more than a year ago in June 2019, but the pandemic caused a long delay and a change in the format of the tournament.
The final knockout stages have been held behind closed doors in Lisbon under limited circumstances, with one knockout tape replacing the two-legged affair.
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