The Red Devils won their qualifying group and will clearly feel a sense of injustice that they have been paired with Real Madrid which means Cristiano Ronaldo returning to Old Trafford, while Jose Mourinho has been linked to the Manchester United manager’s job when Ferguson decides to call it a day.
The bookies were quick to lengthen United to claim a fourth European Cup having triumphed as recently as 2008 and you can get 14/1 (Blue Square free bets) that the Premier League leaders beat the Spanish champions and end up triumphing at Wembley in May.
Real are now out to 5/1 with BetVictor after a draw that they would have wanted to avoid although it was inevitable they would face a stronger team after finishing second to Borussia Dortmund in their group. The same applied to Arsenal and it was no surprise to see the north London team pitted against Bayern Munich.
The German side reached the final last season before losing to Chelsea on penalties and they are the 7/1 third-favourites to go one better this time around, having strengthened the squad despite already boasting a host of German and Croatian internationals.
As for Arsenal, it would have been laughable to imagine them at 40/1 for the Champions League ten years ago, although the Gunners are that price to go all the way, with Arsene Wenger under pressure to ensure they simply keep qualifying for this competition, let alone winning the thing.
Barcelona will be reasonably content that they have drawn Milan in the last sixteen, with the Rossoneri nowhere near the force of previous teams and the Catalan club should sweep through to the quarter finals with the minimum of fuss.
Barca are no bigger than 9/4 to claim victory in this competition although they have failed more than succeeded in this competition over the past few seasons and the presence of teams such as Dortmund, Juventus and PSG make things interesting.
The German champions will face Shakhtar Donetsk for what should be a riveting encounter, while Juve will face Celtic and the Italian side will be pleased at being pitted against a side that might have beaten Barcelona at the group stage but are some way short of being genuine competitors.