The tournament underwent restructuring for the 1923 edition. Teams were split into two zones; the 'America Zone' and 'Europe Zone', with the winners playing each other to determine who would face the defending champions.
For the 1923 tournament, a restructuring took place. The teams were distributed into two divisions: the 'America Division' and the 'Europe Division'. The winners of these divisions competed against each other to determine which team would challenge the defending champions.