Manchester City enters the 23-24 Champions League as the favorites at +200, followed by Bayern Munich at +550 and Real Madrid at +750. City won their first Champions League last season.

Champions League Odds
Manchester City: +200
Bayern Munich: +550
Real Madrid: +750
Arsenal: +1000 
Paris Saint-Germain: +1400
Barcelona: +1400
Manchester United: +2000
Newcastle: +2200
Inter Milan: +2500
Napoli: +2500
Atletico Madrid: +2500
AC Milan: +3500
Benfica: +4000
RB Leipzig: +5000
Borussia Dortmund: +5000
Sevilla: +6500
Lazio: +6500
Real Sociedad: +8000
Porto: +8000
Union Berlin: +10000
Feyenoord: +10000
Celtic: +15000
Lens: +20000
PSV Eindhoven: +20000
Shakhtar Donetsk: +25000
Salzburg: +25000
Antwerp: +25000
Red Star Belgrade: +25000
Galatasaray: +25000
Young Boys: +25000
Braga: +30000
FC Copenhagen: +100000

The Champions League held their group stage draw for the 23-24 season on Thursday, headlined by a particularly challenging Group F featuring Paris Saint-Germain, Borussia Dortmund, AC Milan and Newcastle United. 

GROUP A: Bayern Munich, Manchester United, FC Copenhagen, Galatasaray
GROUP B: Sevilla, Arsenal, PSV Eindhoven, Lens
GROUP C: Napoli, Real Madrid, SC Braga, Union Berlin
GROUP D: Benfica, Inter Milan, FC Salzburg, Real Sociedad
GROUP E: Feyenoord, Atletico Madrid, Lazio, Celtic
GROUP F: PSG, Borussia Dortmund, AC Milan, Newcastle United
GROUP G: Manchester City, RB Leipzig, Red Star Belgrade, Young Boys
GROUP H: Barcelona, FC Porto, Shakhtar Donetsk, Royal Antwerp

Manchester City defeated Inter Milan 1-0 to win their first Champions League title.

Rodri scored for City in the 68th minute to give the clubs its treble, winning the Premier League, FA Cup and Champions League in the same season.

Since Pep Guardiola was hired by City in 2016, the club has won five Premier Leagues along with a number of domestic cups, but the Champions League had eluded him.

Sheikh Mansour attended just his second match since purchasing the club.

Manchester City defeated Real Madrid 4-0 to advance to the Champions League Final where they will play Inter Milan.

City and Madrid entered the matched with the tie at 1-1 on aggregate, but Bernardo Silva broke through in the 23rd minute and against in the 37th minute to give Pep Guardiola's side a comfortable lead.

An own goal from Eder Militao in the 76th minute put the match out of reach, while Julian Alvarez scored the fourth in stoppage time.

City has never won the Champions League and only reached the final once before when they lost to Chelsea in 2021. City will be heavy favorites against Inter Milan.

UEFA president Aleksander Ceferin once again said he is open to a discussion about playing the Champions League final in the United States.

Ceferin told Roger Bennett that he would not rule out holding a part of the most-watched annual football event in the world outside of Europe.

"It is possible [Champions League in U.S.]," Ceferin said. "We started to discuss about that, but then one year it is World Cup, 2024 is Euro, this year is Istanbul, '24 in London, '25 in Munich. And after that let's see. It's possible, it's possible."

In 2022, UEFA signed a six-year, $1.5 billion deal with CBS, Viacom and Paramount for English language U.S. television rights to its club competitions, including the Champions League.

The contract, which starts in 2024-25, also covers the Europa League and the Europa Conference League. Its $250 million annual value is a significant increase from UEFA's previous U.S. broadcast package, which brought in $100m per season.

The 2022 Champions League final featuring Real Madrid and Liverpool attracted a record 2.76 million English-speaking viewers on CBS in the United States. The 2021 final between Chelsea and Manchester City drew 2.1 million viewers on CBS.

The final four of the 22-23 Champions League is set with Manchester City playing Real Madrid in one semifinal, while AC Milan will meet Inter Milan in the other.

Champions League Betting Odds (via Caesars Sportsbook)

To reach the final
Manchester City: -250
Inter Milan: -137
AC Milan: +100
Real Madrid: +175

To win the final
Manchester City: -143
Real Madrid: +330
Inter Milan: +600
AC Milan: +700

The Champions League held their draw for the quarterfinal stage, headlined by Chelsea versus Real Madrid and Manchester City against Bayern. The winners of those ties will meet in the semifinals.

On the other side of the bracket, Inter Milan will play Benfica while AC Milan will play Napoli.

Real Madrid will face Liverpool in the round of 16 of the Champions League. The two clubs faced each other in last year's final.

Champions League Round of 16 Draw

RB Leipzig vs. Manchester City

Club Brugge vs. Benfica

Liverpool vs. Real Madrid

AC Milan vs. Tottenham Hotspur

Eintracht Frankfurt vs. Napoli

Borussia Dortmund vs. Chelsea

Inter Milan vs. Porto

Paris Saint-Germain vs. Bayern Munich

The Champions League had their group stage draw on Thursday, highlighted by Robert Lewandowski and Barcelona facing Bayern Munich in Group C. Erling Haaland and Manchester City will also face his former club in Group G.

GROUP A: Ajax (Netherlands), Liverpool (England), Napoli (Italy), Rangers (Scotland).

GROUP B: FC Porto (Portugal), Atletico Madrid (Spain), Bayer Leverkusen (Germany), Club Brugge (Belgium).

GROUP C: Bayern Munich (Germany), Barcelona (Spain), Inter Milan (Italy), Viktoria Plzen (Czech Republic).

GROUP D: Eintracht Frankfurt (Germany), Tottenham Hotspur (England), Sporting CP (Portugal), Marseille (France).

GROUP E: AC Milan (Italy), Chelsea (England), FC Salzburg (Austria), Dinamo Zagreb (Croatia).

GROUP F: Real Madrid (Spain), RB Leipzig (Germany), Shakhtar Donetsk (Ukraine), Celtic (Scotland).

GROUP G: Manchester City (England), Sevilla (Spain), Borussia Dortmund (Germany), FC Copenhagen (Denmark).

GROUP H: Paris Saint-Germain (France), Juventus (Italy), Benfica (Portugal), Maccabi Haifa (Israel).

CBS has extended its Champions League deal at $250 million per year through 2030, which represents an increase of 250 percent of the previous deal.

The current Paramount deal is for $100 million per season for the English language rights for 2021-24.

In May, CBS drew a U.S.-record for a Champions League final broadcast in English with a 2.76 million average audience for Real Madrid's 1-0 win over Liverpool.