MAN UTD, Liverpool, Arsenal and Chelsea have reportedly signed up for a European Super League.
The development of the Super League is seen as a rival to Uefa's Champions League, which is set to revamped with a new 36-team tournament to come into force in 2024.
Sources have told The Sunday Times that five British clubs have already agreed to the plan, with only Manchester City among the 'Big Six' yet to do so.
The Super League proposals include:
– The 15 founder clubs sharing an initial 3.5billion (£3.1billion) euro “infrastructure grant” ranging from £310million to £89million per club which can be spent on stadiums, training facilities or “to replace lost stadium-related revenues due to Covid-19”.
– The format would see two groups of 10 clubs who play home and away, with the top four from each group going through to two-legged quarter-finals, semi-finals and a one-legged final.
– Matches would be midweek and clubs would still play in domestic leagues
– Clubs would have rights to show four matches a season on their own the digital platforms across the world
– Income from TV and sponsorship would favour the founding clubs: 32.5% of the pot would be shared equally between the 15 clubs, and another 32.5% between all Super League clubs including the five qualifiers
– 20% of the pot would be merit money “distributed in the same manner as the current English Premier League merit-based system” according to where clubs finish in the competition or group if they don’t make the knock-out stage
– The remaining 15% would a “commercial share based on club awareness”
– A cap of 55% of revenues permitted to be spent on salaries and transfers (net)
– A ‘Financial Sustainability Group’ would monitor clubs’ spending
Italy want four places – Juventus, Inter, AC Milan plus one. Bayern Munich, Dortmund and one other German club would be invited with France represented by PSG and, presumably, either Lyon or Marseilles.
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