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its debatable which is held in highest regard.
Liverpool have won the CL recently and got to another final and yet their poor performance in the league leaves their fans frustrated with Rafa Benitez.
I would say for the top teams that the CL is a rarer thing to win so is therefore more coveted in the grand scheme of things. But the Domestic league takes more effort over a longer period (mathematically you can win the CL by winning only 6 games) but those games are against Europes best teams.
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