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The game has gone down in history as one of, if not the greatest comeback in European football, thanks to goals from Steven Gerrard, Vladimir Smicer and Xabi Alonso in the second half.
Jerzy Dudek then proved to be the hero in the shootout, saving from Andrea Pirlo and Andriy Shevchenko, while Serginho blazed his first penalty over the bar.
Speaking to Ladbrokes, the official betting partner of Liverpool FC, the Norwegian pointed out that the system would have punished Dudek during the shootout.
“I was watching highlights of the penalty shootout against AC Milan on social media a couple of weeks ago and, honestly...
Nowadays, we'd have lost that shootout, for sure...
Jerzy Dudek saved two penalties during the penalty shootout against AC Milan.
every single time!”
Liverpool.com says: Every Liverpool fan will remember Dudek’s heroics – and the crazy legs – during that shootout
They might also remember him being virtually stood next to Pirlo when he saved his penalty!
It’s all part of the majesty of that unforgettable night though, and while Riise might think the Reds would have lost the shootout if VAR had existed back then, it’s also worth remembering that Gennaro Gattuso might well have been sent off for pulling back Gerrard for the penalty that ultimately brought Liverpool level