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Why you don't feel it is the final Copa Del Rey? Although Atletico Bilbao and Mallorca are not the favorite teams to win the title but they deserve to be in the final round. Both teams have done great performances. Mallorca defeated Girona and Real Sociedad, meanwhile Atletico Bilbao defeated Barcelona and Atletico Madrid. In the beginning of the competition, surely no one expects this. But it is a football game, the favorite teams don't always win the competition. When we have a surprising final, it makes Copa Del Rey to be more interesting. I guess this probably won't happen again in the next season.
If we consider the squad quality of 2 finalists, Atletico Bilbao is surely a better team. Atletico Bilbao clearly showed it in the La Liga standings that they can be in the top 5. Meanwhile Mallorca is just a small team, they are even almost in the relegation zone. Considering this, I've no doubt that Atletico Bilbao should win the final round and get the title of Copa Del Rey this season.
Bilbao are indeed the favorites to win the Copa del Rey trophy this season, because they were able to beat Barcelona and ATM and reach the final. I think Mallorca chances are somewhat lower, even though they managed to show different performances in La Liga and the Copa del Rey. Overall Bilbao managed to balance their performance, and currently they are trying to penetrate the top four of the La Liga standings.
Many people hoped that Barcelona or ATM would be one of the teams that could reach the final, but unfortunately both of them were eliminated by teams that were not the favorites. Even though it's not everyone's dream final, the final will always be worth watching. It would be a shame if Bilbao lost in the final, after trying so hard to get this far.
Bilbao are currently only 3 points behind ATM in the La Liga standings, maybe ATM will be lucky if Barcelona manages to beat them. I think the competition for the top four positions in the standings will continue to increase until the end of the season. If ATM loses points in the future then Bilbao will be very ready to take their place.