Paris Saint-Germain have been crowned European champions for a second year running after defeating Arsenal on penalties in the UEFA Champions League final.
We're in an era of Parisian continental supremacy as Gabriel's skied spot-kick ensured the UEFA Champions League trophy will head back to the French capital.
Luis Enrique's all-conquering side were forced to overcome adversity in the opening stages of the final at the Puskas Arena in Budapest as they fell behind to a Kai Havertz goal after just six minutes.
Despite growing frustration against a compact Arsenal defence, PSG finally mustered their breakthrough just after the hour mark courtesy of an ingenius and incisive one-two between Khvicha Kvaratskhelia and Ousmane Dembele, with the former being fouled by Cristhian Mosquera in the box.
Dembele stepped up to finish the resulting spot-kick, but PSG were unable to muster a winning goal inside 90 minutes. Extra time followed and despite dominating possession, there was nothing to split the sides following an additional 30 minutes as an exhausting final was decided on penalties.
Eberechi Eze missed for Arsenal, but Nuno Mendes saw his spot-kick saved as the shootout went to sudden death. PSG's fifth taker Lucas Beraldo converted, but Gunners centre-back Gabriel blasted his penalty high and wide, wrapping up the title for Les Parisiens.
PSG are the 5/1 favourites to retain the UEFA Champions League in the 2026/27 campaign.
Defeated finalists Arsenal are 6/1 to banish the heartache of Budapest and achieve their UEFA Champions League success, while Bayern Munich are the same price as they look to improve on their run to the semi-finals under Vincent Kompany.
Manchester City, set to embark on a new era following the departure of Pep Guardiola, are 7/1 alongside Hansi Flick's Barcelona, who are looking to make several eye-catching moves in the summer transfer window.
Real Madrid are sixth favourites to win a 16th European crown, while Liverpool have shortened from 11/1 into 10/1 since the news broke of Arne Slot's sacking.
Manchester United are 16/1 upon their return to the UEFA Champions League under Michael Carrick.
2026/27 UEFA Champions League Odds
(Odds will display when markets are available).
Any odds displayed were correct at the time of writing and are subject to fluctuation.
