VADUZ, Liechtenstein (Reuters) - UEFA awarded the 2010 Champions League final to Madrid's Bernabeu stadium on Friday and said that London's Wembley bid had missed out "for tax reasons".

Wembley and the Bernabeu were among five grounds competing to stage the event in 2010 and 2011 but the London stadium was discounted for 2010 after failing to provide assurances that players competing in the final would not be taxed by the British government.

UEFA's executive committee had planned to announce the holders of both the 2010 and 2011 finals but will now reopen the bidding for 2011.

The 2010 UEFA Cup final will be held at the Hamburg Arena, but a decision over the 2011 final was also put on hold.

(editing by Justin Palmer)