MANCHESTER: Manchester United and Liverpool are in talks with Europe's elite clubs to join a new FIFA-backed tournament that would reshape the sport's global soccer landscape according to a report by Sky News on Tuesday .
Citing unnamed"football industry" sources, Sky said more than 12 teams from Europe's top five leagues - in England, France, Germany, Italy and Spain - are in negotiations to become the founding members of the new tournament, dubbed the European Premier League, with a provisional start date as discussed as early as 2022.
The top-placed teams in the league would then qualify for the knockout stages which will conclude the tournament. Wall Street bank JP Morgan is in talks to provide US$6 billion of debt financing to help launch the European Premier League, with the funds repayable from potential broadcast income generated by the tournament.
The idea of a European super league has been regularly floated over the last 20 years, with UEFA coming out strongly against it.
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