Last season’s runners-up, Paris Saint-Germain, were drawn against reigning champions Bayern Munich and given an almost-immediate opportunity for revenge. However, it also represents a big blockade in PSG’s quest for European glory, the one thing that has eluded them in their domination under the current ownership.
PSG have already fared better than a number of runners-up since 2000 who failed to make it past the last-16 but history isn’t really on their side. Of the 20 teams to have lost a Champions League final this century (not including PSG), only seven have reached the semi-finals at least, with four falling at this particular stage.
What follows is an account of the ensuing fates and fortunes of each of those 20 losing finalists (which will also partially explain some of the biggest rivalries and bad blood between Europe’s elite right now). Keep an eye out for Real Madrid, the bane of runners-up. It seems they don’t just settle for beating teams in the final; they also enjoy crushing their dreams even earlier in the following season’s Champions League.