Stick 1950's Madrid in 2009 Europe with modern training techniques and access to physions and I reckon they would win.
That is a non-sensical argument. So, if we take your line of thinking, we might as well forget all history pre 1990 for example?
All they hype is a massive slight on all of those clubs listed above, especially the Real Madrid side of the late 50s who were possible the greatest club side of all time.