The 2000–01 season was the 103rd season of competitive football played by Arsenal. The club ended the campaign second in the Premier League, ten points behind reigning champions Manchester United. Arsenal reached the 2001 FA Cup Final at the Millennium Stadium, Cardiff in May 2001; in spite of dominating against Liverpool, they conceded two late goals, both scored by Michael Owen. In Europe, Arsenal made it to the quarter-finals of the UEFA Champions League for the first time since 1972, only to be eliminated on the away goals rule by eventual finalists Valencia.