Madrid hands down. But a lot depends on how the players are used. The line up of CR-BENZEMA-BALE JAMES-MODRIC-KROOS is overkill and will be DESTROYED on counters. Which means that either benzema/kroos will have to be sacrificed. Barca have not done anything to improve their defence so don't think that on paper they have the strongest squad. Maybe, enrique won't play the PEP tiki taka or rather the tiki taka that barca played in 2008 with henry, etoo. Bayern are obviously one of the strongest squads out their but pep's insistence on playing with tiki-taka will be their death in europe atleast. Dante-boateng shiuld not be playing a high line while badstubber might be a massive addition but it is yet to be seen how he holds up after alnost a whole season of injury. Also the sale of kroos hardly affects them. They have already bought bernat which means they now have 4 full backs (rafinha, contento, alaba, bernat) so lahm will be playing in the mid. Psg seems one of the best squads around. With a silva-luiz Cb pairing and the possible signing of maria, they can be a real threat. City as a squad beats us too in strength. They have a brilliant first team with managala- kompany as the CB pairing, plus a really good sub to every player. If coata gets injured for a CL semi, we play with luakaku while city play jovetic/negredo. While all teans may have this or thay, we have a JOSE!!!