Brazil national under-23 football team was beaten by Mexico 0–1 after extra time, denying Brazil the chance to be the first guest team to win the tournament. The following year Brazil failed to qualify for the 2004 Olympic Games after losing out to Paraguay and Argentina in the qualifying tournament. Brazil, managed by senior team coach, Dunga, finished in the first position in the group stage, ahead of Belgium, New Zealand and China, which they beat 1–0, 5–0 and 3–0 respectively. In the second round, Brazil beat Cameroon 2–0 after extra time. Brazil and Argentina met on August 19 in the semi-final game of the
Brazil national under-23 football team In December 2002, CBF appointed Ricardo Gomes as the coach for Brazil Olympic team prepared for the 2004 Olympic Games. Prior to the Olympic qualification tournament, Brazil Olympic team or Brazil U23 was sent to compete at 2003 CONCACAF Gold Cup. Brazil was invited to the tournament and decided to send their Under-23 team because their senior team was competing at 2003 FIFA Confederations Cup a month earlier. Although Brazil competed as an Under-23 team, all the appearances and goals in this tournament were recognized by FIFA as full international caps. Brazil U-23 team went on to the final and