Dimitar Berbatov has 3 lost finals in total.
1 with Bayer Leverkusen - against Real Madrid - 2002
2 with Manchester United - against Barcelona - 2009,2011
Real Madrid C.F have played 13 champions league/european cup finals. They have won the premier tounament 10 times and lost it 3 times.
They reached finals in season 2005/2006 which they lost from Barcelona.
I think it is Chelsea but they are still a really good team.
John Carew
Barcelona lost the champions league finale twice.
7 Won - 1977, 1978, 1981, 1984, 2005 Lost - 1985, 2007
John Carew
Yes Arsenal were eliminated they reached the quarter finals in 2007, in 2006 they lost the final to Barcelona.
Juventus lost to Real Madrid in the 1998 Champions League final.
Chelsea have never auctually won the Eruopean Champions League, however this year 2012 they have reached the finals just like they did 2008 when they lost against Manchester United during the penalty shoot out.
Manchester United have reached 4 Champions League Finals. They won the tournament in 1998-1999 and 2007-2008. They lost the finals in 2008-2009 and 2010-2011. They also reached a final, and won it, when the tournament was still the European Cup. This was in the season 1967-1968.
Arsenal lost the 2006 Champions League final to FC Barcelona. They lost the final 2-0.