Record winners Real Madrid defeated reigning champions Manchester City 4-3 on penalties on Wednesday to set up a Champions League semi-finals clash against Bayern Munich, who defeated Arsenal 1-0. Madrid prevailed over City on penalties after a 1-1 draw in regular time. The teams played out a 3-3 draw in the first leg and Rodrygo gave Madrid the lead in the 12th minute, but City equalized after many failed attempts in the 76th thanks to Kevin de Bruyne. Julian Alvarez put City ahead in the shoot-out, but Bernado Silva and Mateo Kovacic had their efforts saved by Andriy Lunin. Luka Modric misse…