#2 AC Milan – 2005 Champions League final
Present circumstances notwithstanding, AC Milan have a rich and glorious history and they may have added to that in 2005 had they not choked spectacularly in the Champions League final. With only Liverpool in the way of their seventh UCL victory, Milan looked like they had already run away with the game when the first half ended with a 3-0 scoreline in their favour.
(Video Courtesy: Filip Yakovencko YouTube Channel)
A backline that boasted of the likes of Paolo Maldini, Alessandro Nesta, Cafu and Japp Stam looked good enough to at least maintain their lead if not add to it but Liverpool really took the Italian side by surprise. Three goals in six minutes from the Reds turned the game on its head in the second half. The penalty shoot out was ultimately the Rossoneri's downfall as Andriy Shevchenko, Alessandro Pirlo and Serginho missed their spot kicks to allow the underdogs to lift the trophy.
Milan were clear favourites to win that year while Liverpool were the unlikeliest of contenders for the European title. However, these assumptions held no meaning as the Italian team crumbled after the whole side seemed to have stepped out.