The most unlucky and unlucky teams in UCL this time are indeed Man City and Real Madrid. Both clubs are the most favored to win UCL again, when the new season started. And after there were new brackets and schemes in UCL, in fact, both clubs performed very badly, even both were almost eliminated. And their bad luck was not over, after qualifying for the knockout play-offs, Real Madrid had to compete with Man City in the first match of the knockout phase of the playoffs. So one of them is certain not to be able to win UCL this season.
If it was before, then this would be like an annual final between two big and top clubs with each other's strengths unquestionable. However, this season is different, both are not as consistent, especially Man City, this time it is very bad.
The fact that Manchester City isn't a big favourite should be obvious by now, I mean sure they are facing Real Madrid now, so it's even less, but even before that, if you watched any game from this season, you should know that they are not favourites at all, and now that they are facing Real Madrid, they are definitely not the favourites this season without a doubt.
I am 99% sure that Real Madrid will beat City and move on, but I do not see them as favourites this season neither, there are many other teams that are looking much better so I am pretty sure that City isn't really the favourites, they don't look like that at all. I am pretty sure that we are going to end up with a different situation based on whatever we see.