The first cup competitions final in the English calendar saw Manuel Pellegrini face off Jurgen Klopp in a tight encounter on Saturday.
Going into the game, there was hardly anything to separate the two teams on paper and it was always going to be a close match as it turned out to be in the end.
Liverpool cruelly lost the clash on penalties after equalizing late it regulation time after Fernandinho gave the Citizens the lead just minutes after the halftime break.
Klopp made no changes to the side that beat Augsburg in the mid-week while Pellegrini bought in a controversial Willy Caballero between the sticks even after his tepid display against Chelsea in the FA Cup exit.
Liverpool started the game on the front foot but City came back into the game in the first half where Aguero’s shot that was deflected on to the post was the only real exciting moment from both sides.
But after the game entered the second half, an early goal by the Brazilian saw the Citizens take the lead and open the game up. Liverpool then went on to put pressure on their oppositions and it finally paid off less than 10 minutes to go for the final whistle.
An injection of pace from Klopp by bringing in Origi and Lallana saw Liverpool equalize through Coutinho a goal that took the match to extra time.
Both clubs would have wanted to avoid the extra half hour of football in this congested fixture list but it was what they got after failing to win the game in normal time.
Extra time produced some chances for both sides as Simon Mignolet who was at fault for the first goal redeemed himself with a series of excellent saves that saw the game end at 1-1 even after extra time.
Liverpool were facing their 3rd penalty shoot-out this season while their opponents were last put in this situation back in 2008.
Spot kicks to decided a game is always cruel as Liverpool found out after Lucas, Coutinho and Lallana all failed to score after Caballero pulled off a hat-trick of saves and set off to celebrate the cup victory with his teammates.
It was always going to be an intriguing match as it turned out to be in the end and Manchester City may have deserved the victory after slightly edging their opposition on the night.
This victory gives Pellegrini some good memories in his last season at the club and will be hoping to continue this form for the rest of the season.
For Jurgen Klopp however, his second visit to Wembley like the first, ended in a heartbreak right at the end. This leaves the Reds without any silverware for the third season running and though they are still in the Europa league, it is not an easy tournament to win.
But the record 8-time winners of the cup were just not able to get the upper hand on the night and suffered a heartbreaking end to an illustrious campaign in the League Cup.
Both clubs meet yet again in the Premier League this mid-week with Manchester City travelling to Anfield in an important game for the visitors if they are to stay in the fight for the title.