You are right, Real Madrid and Manchester City are the two favorites in the Champions League this season, but unfortunately they had to meet too soon in the quarter-finals. I was basically expecting Manchester City to play Real Madrid in the semi-finals, but that never really came true.
Real Madrid has home advantage in the first leg, while Manchester City will have it in the second leg. Manchester City already have experience beating Real Madrid, but they will never be able to do the same thing every season if Ancelotti has learned enough from his mistakes last season. I would certainly expect the opposite, I mean Manchester City must can beat Real Madrid in the quarter-finals this season.
This is the second time consecutively that we are going to be having another game played which people had assume is going to be a final match between two big teams earlier than expected. Manchester City and Real Madrid are the two most favourite teams in this competition that have the tendency of winning the cup without much doubts about it. This is not about home advantage again, it’s going to be the biggest match in the champions league this season just like it was last season.
I still feel anyone that prevails in this match will most likely be the person to win the champions league competition as all other teams won’t be an hinderance to any team that qualifies. Although this is football and anything can happen when you least expect it. This is my view about the competition, I might be right or wrong, but time will tell.