Manchester City once again coughed up a Champions League lead, losing 4-2 from 2-0 up against a rampant Paris Saint-Germain.

Pep Guardiola admits Manchester City did not deserve to win their UEFA Champions League clash with Paris Saint-Germain – and accepts that an early exit from the competition could become reality following a 4-2 defeat at the Parc de Princes.

The Champions League league phase, part of the UEFA competition's new format, is nearing the end and with it teams are being bounced from the competition. The league phase mirrors that of a league table across prominent leagues in Europe.

Manchester City’s Champions League play-off hopes will rest on the final matchday of the league phase after they once again threw away a two-goal lead to fall to a deserved defeat to Paris Saint-Germain at the Parc des Princes.

Paris Saint-Germain finally showed it can shine in the Champions League without superstar Kylian Mbappé by rallying from 2-0 down in the second half to beat Manchester City 4-2 for a crucial victory.

Manchester City take on Paris Saint-Germain in a mammoth contest in the UEFA Champions League on Wednesday night, with their future in the competition at stake.

The Paris Saint-Germain vs Manchester City UEFA Champions League match will be played at Parc des Princes in Paris, France, on Wednesday, Jan 22.

Remarkably, after multiple collapses and only two victories in seven tries, City remains alive. A win at home against Club Brugge on the final matchday, next Wednesday, would almost certainly be enough to secure a spot in the play-in round.

There is no stopping Kylian Mbappé from climbing the ranks of the greatest goalscorers in Champions League history.

Manchester City collapsed from 2-0 to lose 4-2 at Paris Saint-Germain in the UEFA Champions League and Pep Guardiola conceded his team deserved nothing from a thrilling game.

For a second consecutive year, they topped Deloitte’s Money League, released today. The figures are for last season, which ended with another Champions League title for Real Madrid, enabling them to become the first football club to push through €1billion in annual revenue, earning €1.05bn (£884m; $1.08bn).