Clubs that are considered to be favorites cannot be said that they will become champions, and small clubs that are considered only dark horse clubs have the opportunity to surprise, as in a football match.
The things that might factor into how we classify them as you said obviously are a consideration of what results we analyze about what will happen in the competition.
All clubs have a chance, it's just how many percent we will give them chances, like for example We will definitely give Manchester City big chances the same as we will give chances to weaker clubs, but the difference is how many points we will give to rate them.
But i think that those favorite clubs will always become most potential clubs to win UCL next season. As you can see, that manchester city was signing some world class players even though it has the greatest squad in the world, but pep keeps adding more and more players to the club.
Im thinking if manchester city gonna be the strongest candidate to win UCL again next season. My main concern if manchester city will be using the same squad as last season to face the upcoming season.
I hope that city will able to go to the final again. There will be so many surprises next season. Newcastle potentially has to be a black horse in the UCL next season.
Im very happy to see this club plays in UCL after waiting for a long time. The new investors gave new face for newcastle.