Manchester United if you ask me should be one of the favorite teams to win it because of their quality and star-studded squad.
It should be, but we know how Manchester United have played in the last few seasons, they have been so disappointing and have not shown their identity as one of the big clubs in Europe. Last season, for example, when they were in the Champions League, they were very disappointing and they had to occupy the bottom of the standings, even though in terms of status and the composition of the players they had, they were still better than the 2 clubs that were in their group at that time and at first they were also one of the favorites to be able to qualify for the knockout stages, but they failed to do so.
They are no longer a feared club in Europe, now they are even considered as one of the opponents who can provide great opportunities for their opponents. This is clearly a very bad setback experienced by Manchester United. Their identity has been lost and they cannot leave the quality of the glory days they once achieved in the past.
To be fair it would be alright for them to be not feared in UCL anymore, we saw how they did last season and it makes sense if they are not feared there anymore, but if we are talking about just Europa? They are still better than every team there. This doesn't mean that they are going to win it, last year Liverpool was seen as the best team, and finished third in the league and yet they lost to eventual winners Atalanta, or Leverkusen looked like they have it in the bag, 51 unbeaten games in a row, and then they lost to Atalanta too.
That means, United may look like the best team, and they may still lose, those two things are not exclusive to each other, just because you are the best team, doesn't mean that you are going to win, it just means that you are going to be the best that's it.
I believe that we are going to see no other team be as good as them, it's just not going to happen, and because of that we are going to see them win a lot but maybe not win the whole thing.