Why are football's biggest clubs starting a new European Super League?
Europe's biggest teams have suffered during the Covid pandemic and say they want financial stability.
"The formation of the Super League comes at a time when the global pandemic has accelerated the instability in the existing European football economic model," said a joint statement released by the 12 founding clubs on Sunday.The new annual European tournament "will provide significantly greater economic growth and support for European football via a long-term commitment," the statement added.
It is offering "uncapped solidarity payments" to European football which will grow in line with league revenues. ESL says these will be "substantially higher than those generated by the current European competition and are expected to be in excess of €10bn (£8.6bn)" during the early stages.
What about domestic leagues?Leagues like England's Premier League and Italy's Serie A have huge TV audiences across the globe. The fear is these may be weakened by the new ESL.Uefa, Europe's governing football body, warned on Sunday that clubs involved in the ESL would be banned from all other competitions at domestic, European or world level and players could be also prevented from representing their national teams. headtopics.com
But the breakaway clubs are being enticed with big financial carrots that they have not been able to ignore as the pandemic continues to dent their revenues. Details of talks emerged last October involving Wall Street bank JP Morgan over the new £4.6bn competition.
The founding clubs will receive a share of €3.5bn "to support their infrastructure investment plans and to offset the impact of the Covid pandemic," ESL organisers said.Juventus chairman and vice-chairman of the ESL Andrea Agnelli said the 12 clubs had "come together at this critical moment, enabling European competition to be transformed, putting the game we love on a sustainable footing for the long-term future".
While the big clubs from England's Premier League, Spain's La Liga and Italy's Serie A have signed up, France and Germany's top clubs have so far decided not to.How will it work?The European Super League will have 20 participating clubs - 15 founding ones with five other clubs qualifying each season.
The clubs will play in a new midweek competition with teams continuing to compete in their respective national leagues, the ESL was keen to stress.Under the proposals, the ESL 20-team league would be split into two groups of 10, playing each other home and away. The league plans to launch "as soon as practicable". headtopics.com
It would have the same two-leg knockout format used in the Champions League with a final in May at a neutral venue.Top StoriesThe Czech Republic says Russia was involved in a deadly blast at a munitions factory in 2014. Read more: BBC News (UK) »
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$$$$$$$$$$$$$$$$$$ Money! Next question? It’s all about the money, money, money. Money talk & everything else can take a hike. If the billionaire owners have their way...watch this space🤔 They already know the fans have no power and are just fickle. We'll get angry, upset and may even boycott some of the games, but eventually we'll concede... And they know that. Billionaire elites run this. Not us fans.
This isn’t about the Big 6 Clubs doing anything it’s about 6 greedy money grubbing owners who know nothing about football nothing about the fans and care even less about both...Pure naked commercial greed Football & Fans are not even a consideration for these money mad owners 😡 Massive batch of own-goals methinks!
Who cares - money has destroyed football. The gullible can watch this plastic, rootless game if they want to. Greed !!!! Wherever there is oppression, there is resistance. Uwafer. Thiefa.
Because we invited in billionaires to buy out our clubs and are now horrified that they turn out to be greedy bastards who care nothing about the club or the fans but just power and their bank balance. Why are we suprised? 'its in their nature' frogandthescorpion Foreign owners, no loyalty, greed and money they are the acme of ingordiginousness, the pursuit of more wealth at any cost.
When you let the Yanks in as owners this was to be expected. Greed Money One Word Money Sport isn't Sport anymore,it's all about the Bank Balance and Shareholders,absolute Disgrace More money, pure and simple. It's a one word answer: 'Money' You mean 'biggest clubs' plus Spurs and Arsenal. The answer to that question is one word: Money!
Because the fans have rolled over before for SKY and corrupt ‘owners’ like the Glazers, and let them get away with. Why would these clubs think they can’t get away with it now? greed stopthesuperleague europesuperleague FCUM GREED 💲💲💲💲💲 £££££££££££££££££££££££££££££ MONEY The big 6? So why is Arsenal involved. Pathetic.
Greed Clubs, agents and players greed for even more money. Whole bunch should be send to some Asian oligarchy country. SHOCK HORROR!!!! The Premier League was hated and condemed at the time! ITS THOSE LEFT BEHIND WHO CRY! As a Gooner I’m utterly disappointed with the team’s decision. A disgrace of our football system to try to get a guarantee spot in the top tier competition. You earn it but not buy it. It’s just so wrong. BoycottEuropeanSuperLeague
These clubs only exist because of the fans and now the owners think the fans don't matter. If this happens and they are kicked out of the domestic league, regardless of the years of support, my team will be no longer my team. Because they're greedy bastards? Greed It’s financial gains, the pandemic grew their debts terribly. Also European selection and compensation isn’t ok for them. So this Super League gives room for big clubs to play occasionally thus generating mega funds for d elites.
Hilarious. Football is scum. Reap what you sow! It's a takeover. Hilarious! Sadly, the only way this will fall down is if football fans vote with their feet....don’t buy tickets/don’t pay to watch it on tv. Football fans are too entrenched in their clubs to make this stand. It’s been coming especially as UCL is no longer guaranteed. moneyruinssport
This won't happen! Greed