Arsene Wenger has again taken a swipe at clubs who live beyond their means by claiming UEFA's new financial rules will put Arsenal in a strong position - but he also believes he should have won the competition by now.
UEFA is aiming to stop clubs spending irresponsibly by placing tighter controls on budgets for clubs entering European competition. Real Mallorca were thrown out of the Europa League this summer after entering administration.
"The new rules will be a massive advantage for Arsenal," Wenger told the News of the World. "We are one of 10 teams equipped to win the Champions League.
"We are fighting against some big budgets, clubs who lose €150 million to €200 million per year. You don't deserve a lot of credit for winning a competition, if all the others balance their books and you are the only one who can lose a huge amount of money.
"Nobody is unbeatable. We lost last year to Barcelona in the quarter-final. They could have knocked us out after 45 minutes. But in all the other three halves, I think we should have knocked them out had we been a bit more stable defensively.
"You could say that Barcelona could be the team to beat this year. Real have invested a lot of money, again. You cannot dismiss them. But, two years ago, Inter were organised too and they went out early. It is not as easy at it looks."
"We are one of only three clubs who have come out of the group stage 10 consecutive years. Teams with massive money have not done it. We deserve a lot of credit for our consistency.
"After that, we deserve a lot of blame for not having won it.
"I believe our group stage is a good test. It is much stronger than it looks."