In its time it was a great tournament, it enjoyed a 100-year run, so that says something. It was the world's first international football tournament and twice in the 1950s and 60s would determine the qualifying groups for the World Cup and European Championships.
But the Home Internationals were discontinued after the 1983-84 competition: a little worn around the edges and having lost its standing, overshadowed by the World Cup and Euros. A decline in clamour for all but the England vs. Scotland games, fixture congestion, concerns about hooliganism and England's desire to keep themselves free for stronger international competition were the final nails in the coffin; the competition was dead and buried.
That is until now. The plan? A tournament played over three international windows and seven months, from November 2012 to June 2013.
The English FA had traditionally been against a revival - but this isn't the first time in the last few years that we've been talking about it. Remember the sobriety of missing out on Euro 2008? None of the four nations reached the finals and despite support from the Prime Minister at the time, Gordon Brown, the idea was always a non-starter.
So why the change of heart? Well, the FA need to be seen to appease Vauxhall - the company's just poured £20 million pounds into the national game after all. Sponsorship agreements with the FA's Scottish, Welsh and Northern Ireland counterparts have been made. After a dismal World Cup for England and none of the other home nations' performances across the board inspiring much confidence either, the various FAs are hardly red-hot property. All ideas from their new sponsor need to be taken very seriously indeed.
There's also the matter of the 2012 Olympics. The FA is known to be keen on a team GB and hope that a second coming of the Home Internationals might be key to the backing of Scotland, Wales and Northern Ireland.
In the past the FA have hinted that they would be willing to play an English team under the GB banner, but this is not ideal, particularly to the British Olympic Association who would much prefer that all home nations are involved. There has been strong opposition though, because the other FA's are concerned that their Fifa privileges as independent nations might be compromised. Sepp Blatter has made several assurances on the contrary.
So why else should we be keen to embrace a new Home International tournament?
You could argue there is space in the calendar, particularly for years in-between major tournaments. Fans from all home nations would be keen to see their side in action on home soil, and against some of their nearest rivals. Would you rather watch England play Slovakia or Scotland? Norway or Northern Ireland?
It would provide inspiration for the next generation of England fans. Some of the current international friendlies seem very convoluted, almost meaningless. The last time England played Scotland was in 1999 - a two-legged play off to qualify for Euro 2000. Is it right to leave it a further dozen years before the two sides meet again?
Then there's what could be the deal breaker - the cash. It's well known the FA are in need of financial support, not helped by the poor performance in South Africa and the failed bid to host the World Cup in 2018. Wembley still needs to be paid for and I'm sure the prospect of sell-out crowds and a brand new television deal would certainly provide motivation.
But, I can't help thinking that the Home Internationals will be more relevant for the other nations but not for England. The inaugural Carling Nations Cup will provide some sort of test bed. Scotland, Wales, Northern Ireland and the Republic of Ireland will all play each other in a round robin format in February and May of this year, with all fixtures taking place in Dublin.
And it's not just England I'm concerned for. Will any of the home nations actually learn anything from the games? There's no doubt the games will be physical so will they lead to too many injuries at a time in the season when some are already over-stretched? If some or all of the games are pIayed at the end of the domestic season I can't see League managers being particularly enthusiastic about letting some of their key players participate. We could end up with under strength teams playing half-hearted friendlies.
All the home nations should be looking at a further education - an intelligent challenge, a lesson in what is now the world game. England in particular should not just be taking the exams they know they've got a good chance of passing. Being a big fish in a small pond is never going to help a team that should currently be performing to a higher level. There will be an expectation that England will win all their games, so what if they lose? The morale of the team is really going to love that one.
If performances of the home nations remain lacklustre, and I'm keen to pick out England here, then fair enough - the use of home internationals is as good a rallying cry for international competition as any. Providing they get to a major tournament.
But as anything other than a lesson in pride and dedication -forget it. It can be argued that pride has got in the way of the England team developing - too proud to adapt to the international game, too stuck in the past and not flexible to a new style of play. The home internationals won't move any of the national sides forward, but England might get out of the meandering, confusing and darn right gutless rut they seem to currently find themselves in.
So what are we looking for here? Some friendly rivalry and banter whilst watching each of the home nations battle it out against each other? Or preparation and a learning curve for the next international championship? Because if the England team are looking for inspiration of how passionate players can be playing for their country then maybe it's a good thing... but if they're to hold their own against some of the best in the world technically; match their game plan and style of play then it most certainly is not.