Football: Super League six 'reach financial settlement' with Premier League

Manchester City were one of six English clubs to sign up to the ill-fated European Super League AFP/PETER POWELLLONDON: The six rebel English clubs that signed up to the European Super League have reached a financial settlement with the Premier League worth a combined £22 million , reports said on Wednesday .

Arsenal, Chelsea, Liverpool, Manchester City, Manchester United and Tottenham announced themselves as founder members of the competition in April but the project quickly collapsed after widespread opposition.Sky News reported the settlement on Wednesday and sources at one of the clubs told Britain's Press Association that agreement had been reached, with clubs facing a £25 million fine and 30-point deduction if there are further attempts to break away.

European football's governing body UEFA last month announced sanctions, including financial punishments, against nine of the 12 clubs behind the aborted project.The nine agreed to forego five percent of their revenue from UEFA competitions for one season and pay, between them, a 15-million-euro donation to support grassroots' and youth football in Europe.Source: AFP

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Soccer-Premier League Big Six reach settlement over Super League - reportThe six English clubs that signed up to the breakaway European Super League earlier this year have agreed to pay 20 million pounds (US$28 million) ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Soccer-Premier League Big Six reach settlement over Super League - reportThe six English clubs that signed up to the breakaway European Super League earlier this year have agreed to pay 20 million pounds (US$28 million) ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Soccer-Argentina midfielder Buendia to join Villa from NorwichAston Villa have reached an agreement for the transfer of midfielder Emiliano Buendia from Norwich City, the two Premier League clubs announced on ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Aboriginal AFL great Adam Goodes rejects Hall of Fame inductionMELBOURNE: Retired Aboriginal footballer Adam Goodes, who quit the Australian Football League (AFL) in acrimony in 2015, has declined ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Soccer-San Diego named as NWSL expansion teamSan Diego will be home to a National Women's Soccer League expansion team that will begin playing next year and have former U.S. women's national ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Football: San Diego named as NWSL expansion teamSan Diego will be home to a National Women's Soccer League expansion team that will begin playing next year and have former US women's national ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »