On a serious note though, I'm not sure Man Utd have particularly underachieved in Europe under Ferguson. Sure, they've only won it twice, but in that same time, none of the other English title winners have won it at all. It's a bit presumptuous to assume that because you're really good in England, you should be comfortably beating Johnny Foreigner. In the last ten years, there have been 4 Spanish winners of the CL, 3 Italians, 2 English, and Porto. Seems fair enough to me.
Good point and when you factor in that no team has ever retained the Champions League not even the all mighty Barcelona it puts into context just how hard it is to win the Champions League