"Losing finalist" refers to someone who reaches the final stage of a competition but doesn't win the ultimate prize. They come in second place, showcasing great skill and accomplishment, but falling short of becoming the champion. Full definition
They had lost in the quarter - finals in the previous three tournaments and faced a tough test again after being drawn against 1986 losing finalists Italy. (uefa.com)
Although Leipzig scored again, Dimitri Payet's super effort sealed a semi-final spot for the two - time losing finalists. (uefa.com)
That was a crucial win at a crucial time for Bolton and now last year's FA Cup losing finalists get another crack of the whip against Tottenham. (football-bookmakers.com)