Carlo Ancelotti conceded his Real Madrid team were outplayed by Manchester City and deserved to lose their Champions League semi-final tie.
After a 1-1 draw in the first leg at Real's Bernabeu, City ran out emphatic 4-0 winners at the Etihad on Wednesday night, following a brace from Bernardo Silva, an own goal by Eder Militao, and a late Julian Alvarez strike, for a 5-1 aggregate result.
City, who were beaten by Real at the same stage last season, avenged that heartbreaking defeat with a brilliant performance in front of their jubilant fans, with only Real goalkeeper Thibaut Courtois preventing them inflicting even more damage.
"They played better than us and deserved to win," Ancelotti told reporters. "They put a lot of pressure at the beginning, it worked out well for them because they made it very difficult for us to get the ball in play and they went two goals ahead.
"From then on, it was difficult to get back into the game. We tried in the second half ... but it didn't work out."
Ancelotti admitted it was a painful night but said it was too soon to analyse what had gone wrong.
"Evaluating today, at this moment, makes no sense," he said. "It is a defeat that hurts, it hurts a lot. But it can happen.
"We reached the semi-finals of the Champions League against a strong opponent, they played better and left us without a final. We have to learn and for the next season, to be better."
Man City v Real Madrid player ratings
-

MANCHESTER CITY RATINGS: Ederson - 8. He was a spectator in the first half but came up with a big save when Alaba hit a swerving freekick just after the restart. Denied Real's hopes of a late comeback with a double save to deny Benzema and Cabellos in the 83rd minute. EPA -

Kyle Walker - 8. Had the upper hand in the highly anticipated battle with Vinicius on the right flank. Showed excellent pace to get back and make a remarkable recovery tackle with through on goal on the half hour. EPA -

Ruben Dias - 7. Hardly tested in defence and did his part in helping to keep the away side’s attack quiet. Picked up the first yellow card when he stopped Rodrygo from running through on goal after the restart. AP -

Manuel Akanji - 8. His header back across the face of goal was almost turned in by Haaland in the 22nd minute. Almost made it three for City with a shot that Alaba blocked on the stroke of half-time. Had a hand in the third as his glancing header got deflected into the net by Militao. Reuters -

John Stones - 7. Dovetailed nicely alongside Rodri at the base of the City midfield and helped mop up loose balls. Had a pop at goal from over 25 yards out in the 11th minute, but his effort failed to trouble Courtois. Reuters -

Rodri - 8. Superb in the middle of the field and helped the home side control proceedings. His cross-turned-shot flashed across the face of the post in the seventh minute. Reuters -

Bernardo Silva - 9. Opened the scoring with a well-taken left-footed effort from close range in the 23rd minute. Doubled City's lead with a header in the 37th minute. Superb. Reuters -

Kevin De Bruyne - 8. Central to everything positive the home side did in the final third. Created the first goal with a simple pass into the pass of Bernardo Silva that caught the Real defenders off guard. EPA -

Ilkay Gundogan - 7. Not as effective as he was at the weekend, when he scored two goals, but still played well. His saved effort was deflected into the path of Silva to head home. Reuters -

Jack Grealish - 7. Not as effective as Silva on the opposite flank, but played his part by keeping Carvajal pinned back and unable to join the attack. Had Carvajal on toast all game. EPA -

Erling Haaland - 7. Forced Courtois into two good saves. On one occasion, did well to dribble past the goalkeeper but failed to find a blue shirt in the penalty area with his cutback. EPA -

SUBS: Riyad Mahrez (Gundogan 79') - N/A. Involved in the build-up that led to the home side’s fourth goal. Getty -

Phil Foden (De Bruyne 84') - 7. Made his mark on the march by assisting Alvarez to make it four for City. Getty -

Julian Alvarez (Haaland 89') - 7. Rounded up the win with a well-taken effort to make it four in added time. PA -

REAL MADRID RATINGS: Thibaut Courtois - 7. Made a save from point-blank range to deny Haaland in the 13th minute. Provided a breathtaking save to stop Haaland’s header in the soon after. Denied Haaland again when one on one in the 72nd minute. PA -

Dani Carvajal - 4. Had a hard time dealing with the threat of Grealish all game and could have offered more in attack. Reuters -

Eder Militao - 4. Intercepted a cross intended for Haaland in the fourth minute. Unfortunate to turn the ball into his net off an Akanji header in the 76th minute. Getty -

David Alaba - 5. Made a goalline clearance to stop Haaland’s effort in the 13th minute. Almost gave the away side a lifeline with a freekick that forced Ederson into a great save in the second half. Reuters -

Eduardo Camavinga - 3. A terrible match for Camavinga at left-back. He found it tough to deal with the nimble-footed Silva and got caught out of position for both of his goals in the first half. AP -

Federico Valverde - 4. The least effective of Madrid‘s midfielders in the game. He struggled to get involved in the play. Getty -

Toni Kroos - 5. Part of a dysfunctional midfield. Hit the crossbar with a typical Kroos shot from long-range in the 34th minute. AP -

Luka Modric - 6. Not the best of days for Modric at the Etihad. Still looked the most likely to make something happen among the midfield trio. Getty -

Rodrygo - 5. A toothless performance from Rodrygo on the right flank. He looked likelier to create something when he played more central in the second half. EPA -

Karim Benzema - 3. An ineffective performance from Benzema on a night when Real looked to the captain for inspiration. Had his first shot on target in the 83rd minute. EPA -

Vinicius Junior - 5. Found the going tough against an inspired Walker at right back. Had an air-shot when he had the chance to side-foot Rodrygo’s cutback in the 60th minute. Getty -

SUBS: Antonio Rudiger (Modric 63') - 5. Came on and helped improve the away side’s defence in the second half. Reuters -

Marco Asensio (Kroos 71') - N/A. Brought on with the hope of helping to inspire another historic comeback, Asensio failed to make the desired impact. AP -

Aurelian Tchouameni (Camavinga 80') - N/A. Came on late and struggled to get involved. EPA -

Dani Cabellos (Rodrygo 80') - N/A. Saw his attempt saved by Ederson in the 83rd minute. Getty -

Lucas Vazquez (Carvajal 80') - N/A. Could do little to stop the home side in his time on the pitch. EPA
A year after winning a La Liga and Champions League double, and becoming the first manager to capture titles in each of Europe’s top five leagues, Ancelotti was facing up to finishing the campaign with just a Spanish Cup and the Fifa Club World Cup to show for their efforts.
He did, however, set another record on Wednesday, becoming the coach with the most European Cup games (191), surpassing the mark set by former Manchester United manager Alex Ferguson.
But with their rivals Barcelona crowned La Liga champions last weekend with four-games to spare, Ancelotti was left searching for a silver lining.
"I think it was a good season. We have to show up in the few games we have ahead of us," Ancelotti said.
"I think that reaching a Champions League semi-final is a success because only four teams make it to the last four."
Tell Me Who I Am
Director: Ed Perkins
Stars: Alex and Marcus Lewis
Four stars
Abaya trends
The utilitarian robe held dear by Arab women is undergoing a change that reveals it as an elegant and graceful garment available in a range of colours and fabrics, while retaining its traditional appeal.
Summer special
Company%20profile
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
The specs: 2018 Renault Megane
Price, base / as tested Dh52,900 / Dh59,200
Engine 1.6L in-line four-cylinder
Transmission Continuously variable transmission
Power 115hp @ 5,500rpm
Torque 156Nm @ 4,000rpm
Fuel economy, combined 6.6L / 100km
FIXTURES
December 28
Stan Wawrinka v Pablo Carreno Busta, 5pm
Milos Raonic v Dominic Thiem, no earlier then 7pm
December 29 - semi-finals
Rafael Nadal v Stan Wawrinka / Pablo Carreno Busta, 5pm
Novak Djokovic v Milos Raonic / Dominic Thiem, no earlier then 7pm
December 30
3rd/4th place play-off, 5pm
Final, 7pm
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Expo 2020 Dubai will be the first World Expo to be held in the Middle East, Africa and South Asia
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Some 70 per cent visitors are projected to come from outside the UAE, the largest proportion of international visitors in the 167-year history of World Expos.
More than 30,000 volunteers are required for Expo 2020
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Some popular drinks with high levels of sugar and caffeine have slipped through the fizz drink tax loophole, as they are not carbonated or classed as an energy drink.
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'The worst thing you can eat'
Trans fat is typically found in fried and baked goods, but you may be consuming more than you think.
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Snacks - Potato, corn and tortilla chips often contain trans fat. And while popcorn can be a healthy snack, many types of packaged or microwave popcorn use trans fat to help cook or flavour the popcorn.
Fried food - Foods that require deep frying — french fries, doughnuts and fried chicken — can contain trans fat from the oil used in the cooking process.
Refrigerator dough - Products such as canned biscuits and cinnamon rolls often contain trans fat, as do frozen pizza crusts.
Creamer and margarine - Nondairy coffee creamer and stick margarines also may contain partially hydrogenated vegetable oils.
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