Liverpool fans will try not to laugh too hard, but they would have enjoyed the chaos of the Champions League on Wednesday night. Manchester City and Arsenal were handed a lesson by two seasoned heavyweight boxers when Real Madrid and Bayern Munich booted them out of Europe’s elite competition. It was penalty heartache for the current holders, whilst Arsenal failed to lay a glove on Bayern and will fear, just like Liverpool, that their season could be up by the end of the week after they dropped points in the Premier League title race at the weekend. That’s two English teams out of Europe, with…