Champions League draw: Man City to face PSG, Barca gets Atletico:

When Middle East backers bought Manchester City in 2008 and Paris Saint-Germain in 2011, respectively, their eyes were surely on Europe's top football prize: The Champions League.

After Friday, one is sure to get a step closer to the final in Milan on May 28.

Manchester City was pitted against PSG in next month's quarterfinals, arguably the standout pairing from the draw in Nyon, Switzerland.

Though both clubs are supported by oil-rich owners who have invested heavily -- City's from Abu Dhabi, PSG's from Qatar -- neither has ever won the European title. City has reached the last eight in the competition for the first time, while PSG has only once appeared in the semifinals -- in 1995 -- since the advent of the Champions League format.

"My first reaction was: 'Wow!' But we'll do our best, we have confidence in our team," City's director of football Txiki Begiristain told the club website.

Their league form couldn't be more different. PSG wrapped up the Ligue 1 title in record time last weekend, while City needs a minor miracle to catch fairytale Leicester City in the Premier League. City, too, will likely be without pivotal defender Vincent Kompany for the tie. He sustained another calf injury Tuesday as City eased past Dynamo Kiev.

PSG knocked out another English team, Chelsea, in the round of 16.

"I have the utmost confidence that our players will produce another great European performance," PSG president Nasser Al-Khelaifi said in a club statement. "I am convinced that our team will now keep the momentum going after overcoming Chelsea. We will do all that we can to offer our supporters the dream of bringing the Club into the last four of the UEFA Champions League for the first time since 1995."