For only the third time in the 21st century, England has no teams in the semi-finals of the Champions League or Europa League - so what has gone wrong?
Manchester City and Arsenal both exited the Champions League quarter-finals on Wednesday, going out to Real Madrid and Bayern Munich respectively.
And it will be only the fourth time in the past 20 seasons that the Premier League will not have a finalist in either competition. This lack of semi-finalists in the top two trophies comes as a surprise as England's four quarter-final representatives matched their average over the past six seasons. The Premier League, with its teams backed by billions of pounds, have become stronger and stronger over recent years - to the stage where it would be hard to question it being the best league in the world.
At present, clubs cannot report losses of more than £105m over a three-year period - meaning clubs such as Newcastle, who were in the Champions League this season, cannot spend the money they have.Speaking after Wednesday's Champions League games, BBC football correspondent John Murray said: "They have become the traditional powerbase so this is a shock to the system.
Also it lacks the same kudos. The third-tier tournament was partially invented so clubs from smaller countries had a chance to get past qualifying.
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