Champions League TrophyWhen the European Cup changed over to The Champions League in 1992, it  was initially a straight knockout competition open only to the champion club of each. But since then, the tournament has evolved and is now Europe’s premiere club event with 76 teams contesting initially at the start for 32 places within the group stages. The teams are made up of champions of the individual countries across Europe and in some select larger leagues like England, Italy and Spain, the teams finishing in 2nd, 3rd and 4th. The tournament, which runs from July to May, with the group stages usually beginning in September, has become a huge money earner for UEFA as brands and TV stations fight for exclusive branding and broadcast rights. This new-found cash has allowed UEFA to increase the prize money to €10,500,000 for the winner and smaller amounts to the rest of the 31 teams who manage to reach the group stages. By doing this, UEFA has made the tournament a must for some clubs as they view the potential cash injection as a way to grow their club and further their dominance of their respective domestic leagues.

Who will follow in Chelsea's footsteps this year?
Who will follow in Chelsea’s footsteps this year?

In the past 20 years, there have been hundreds of memorable moments and games including Manchester United’s last-minute win against Bayern Munich in 1999, when the Reds scored twice in injury time to snatch the title away from the already celebrating germans. Or the Liverpool turn around of 2005 when trailing 3-0 to AC Milan at half time, manager Rafa Benetiz managed to rally his troops for the second half, and then watched as Liverpool, led by captain Stevie Gerrard fought back to 3-3 and then eventually won the game on a penalty shoot out. Or the fairytale story of Ajax in 1995 who won the tournament with home-grown talent and a team whose average age was only 23, proving once again that Alan Hansen’s famous quote of ” You can’t win anything with kids” is wildly off the mark. We could continue to talk about other amazing moments like Zidane’s volley in the 2002 final, Porto’s surprise win in 2004 under the guidance of then coach Jose Mourinho or the Lionel Messi show when he put 5 goals past Bayer Leverkusen in 2011 but we could go on forever.

Zidane's  volley from the edge of the area against Bayer Leverkusen
Zidane’s volley from the edge of the area against Bayer Leverkusen

This year’s draw for the last 16 has highlighted how exciting the tournament can be with some mouth-watering games. There is a return to Old Trafford for Cristiano Ronaldo as Real Madrid visit Manchester United, 3 times winners AC Milan entertain a fragile Barcelona side who will be hoping that manager Titi Vilanova has returned by the time the first leg rolls around in February. Scottish champions Celtic entertain Antonio Conte’s Juventus, praying for a repeat of the 2001 home leg game between the two clubs which ended in a thrilling 4-3 victory for Celtic. And Arsene Wenger will be secretly hoping he is still in a job come February so that he can lead his Arsenal team out against german runners-up Bayern Munich.

Celtic players celebrate scoring in the 4-3 win over Juventus
Celtic players celebrate scoring in the 4-3 win over Juventus

Added in to this Galatasaray v FC Schalke, Shakhtar Donetsk v Borussia Dortmund, Valencia v Paris St Germain and FC Porto v Malaga, it all adds up to a fascinating last 16 of the tournament. At this stage it is hard to predict who will triumph at Wembley Stadium next May. Early favourites are the two Spanish giants – Barcelona and Real Madrid but if history is anything to go by, this tournament is impossible to call.

To watch some great Champions League Group Stage moments from this year, click here: http://www.youtube.com/watch?v=Lb88HF67PgE

To watch some great Champions League goals, click here: http://www.youtube.com/watch?v=UdCmGfL4aZc

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