Complex sentence: Bayern Munich are the title holders but were eliminated in the semi-finals by Real Madrid who will play Atlético Madrid marking the first time in tournament history that both finalist are from the same city.
Split into simpler sentences: Bayern Munich are the title holders but were eliminated in the semi-finals by Real Madrid. The final will be play between Spanish sides Real Madrid and Atlético Madrid, the first time in tournament history that both finalist are from the same city.