John Terry slipped, Edwin van der Sar saved and Sir Alex Ferguson celebrated on a dramatic night in Moscow as Manchester United overcame Chelsea to become kings of Europe for the third time.
After Sir Matt Busby's men comprehensively beat Benfica 4-1 in 1968, it took the most remarkable of comebacks to overcome Bayern Munich 2-1 in 1999 as Ferguson lifted the Champions League for the first time.
There was similar drama as United won their third European Cup on this day in 2008 against Chelsea, with the ever first all-English final going down to football's version of Russian roulette.
The opening 25 minutes at the Luzhniki Stadium failed to live up to the pre-match hype, but Cristiano Ronaldo's header – his 42nd goal of the season – injected life into the showdown.
United had further chances but the Blues bounced back thanks to a massive slice of luck just before the break, with Frank Lampard tucking home after Michael Essien's 25-yard shot took two deflections.
Avram Grant's men kicked on in the second half and Didier Drogba hit the woodwork, but the match went into extra-time and the goal frame was again rattled as Lampard took aim shortly after the restart.
Terry cleared a goalbound effort from Ryan Giggs off the line before Drogba was sensationally sent off for slapping Nemanja Vidic as tempers frayed in the closing stages. The match ended in the tensest of shootouts.
After the first four spot-kicks were scored, star turn Ronaldo saw his stuttered attempt saved by Petr Cech.
The Portugal international's devastation turned to almighty relief with the match-deciding spot-kick at 4-4, when Blues skipper Terry slipped and sent the ball onto outside of the post in the Russian rain.
Into sudden death, Van der Sar was the hero as he saved Nicolas Anelka's kick, as United triumphed 6-5 on penalties, sparking wild celebrations from all clad in red.
"JT is the main reason we are here. We had a difficult time and he is part of the team," said a disappointed Grant after the match.
"[He] was great all season, in the semi-final and this game. He is the reason they didn't create any chances. I feel sorry for him and the team.
"What can I say? Except in the beginning, we dominated the game, we hit the post two times and then we lost on penalties. The team played excellently and I am very proud."
Ferguson said the team, who were led up to receive the European Cup by Bobby Charlton, were inspired by the prospect of winning the trophy 50 years after the Munich air disaster.
"We had a cause which was very important," he said. "People with causes are difficult to battle against and I think fate was playing its part today. I feel very, very proud.
"The slip by Terry gave us an opening and I thought we would win it then.
"We were fantastic in the first half but the goal gave them an impetus and they were the better team in the second half. But in extra-time I think we were the better team. It was tight and there were some fantastic moments."
"I thought we were going to lose," admitted Ronaldo. "I had played well and scored but I had missed my penalty and it felt like the worst day of my life.
"But the lads did a proper job and I feel very proud for them. It means everything to me – now it is the happiest day of my life."
United have not lifted the Champions League since, having lost in the final to Barcelona in both 2009 and 2011.
Chelsea would go on to win the trophy for the first time in their history in 2012, when the penalty shootout went their way against Bayern Munich.
Jetour T1 specs
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UAE currency: the story behind the money in your pockets
The biog
Name: Atheja Ali Busaibah
Date of birth: 15 November, 1951
Favourite books: Ihsan Abdel Quddous books, such as “The Sun will Never Set”
Hobbies: Reading and writing poetry
THE BIO
Bio Box
Role Model: Sheikh Zayed, God bless his soul
Favorite book: Zayed Biography of the leader
Favorite quote: To be or not to be, that is the question, from William Shakespeare's Hamlet
Favorite food: seafood
Favorite place to travel: Lebanon
Favorite movie: Braveheart
Results
1.30pm Handicap (PA) Dh50,000 (Dirt) 1,400m
Winner Al Suhooj, Saif Al Balushi (jockey), Khalifa Al Neyadi (trainer)
2pm Handicap (TB) 68,000 (D) 1,950m
Winner Miracle Maker, Xavier Ziani, Salem bin Ghadayer
2.30pm Maiden (TB) Dh60,000 (D) 1,600m
Winner Mazagran, Tadhg O’Shea, Satish Seemar
3pm Handicap (TB) Dh84,000 (D) 1,800m
Winner Tailor’s Row, Royston Ffrench, Salem bin Ghadayer
3.30pm Handicap (TB) Dh76,000 (D) 1,400m
Winner Alla Mahlak, Adrie de Vries, Rashed Bouresly
4pm Maiden (TB) Dh60,000 (D) 1,200m
Winner Hurry Up, Royston Ffrench, Salem bin Ghadayer
4.30pm Handicap (TB) Dh68,000 (D) 1,200m
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
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World Cricket League Division 2
In Windhoek, Namibia - Top two teams qualify for the World Cup Qualifier in Zimbabwe, which starts on March 4.
UAE fixtures
Thursday February 8, v Kenya; Friday February 9, v Canada; Sunday February 11, v Nepal; Monday February 12, v Oman; Wednesday February 14, v Namibia; Thursday February 15, final
Super Saturday results
4pm: Mahab Al Shimaal Group 3 | US$350,000 | (Dirt) | 1,200m
Winner: Drafted, Pat Dobbs (jockey), Doug Watson (trainer).
4.35pm: Al Bastakiya Listed | $300,000 | (D) | 1,900m
Winner: Divine Image, Brett Doyle, Charlie Appleby.
5.10pm: Nad Al Sheba Turf Group 3 | $350,000 | (Turf) | 1,200m
Winner: Blue Point, William Buick, Charlie Appleby.
5.45pm: Burj Nahaar Group 3 | $350,000 | (D) | 1,600m
Winner: Muntazah, Jim Crowley, Doug Watson.
6.20pm: Dubai City of Gold Group 2 | $300,000 | (T) | 2,410m
Winner: Old Persian, William Buick, Charlie Appleby.
6.55pm: Al Maktoum Challenge Round 3 Group 1 | $600,000 | (D) | 2,000m
Winner: Capezzano, Mickael Barzalona, Salem bin Ghadayer.
7.30pm: Jebel Hatta Group 1 | $400,000 | (T) | 1,800m
Winner: Dream Castle, Christophe Soumillon, Saeed bin Suroor.
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
