The New York-based investment bank JP Morgan to be debt financing the new league to the tune of €6billion, which is set against future broadcast revenue
The 12 clubs supporting the European Super League, as it stands, are: Manchester United, Liverpool, Manchester City, Arsenal, Chelsea, Tottenham, FC Barcelona, Real Madrid, Atletico Madrid, Inter Milan, AC Milan and Juventus
The new league would involve 20 clubs with 15 being “permanent members”, meaning they could not be relegated and would not need to qualify through strong performances in national league competitions. The 20 clubs would be split into two 10-team groups
The big six of English football have signed letters of intent to join a new European Super League
The management level of ESL is to look like this:
Chairman: Florentino Perez #RealMadrid
Vice-Chairman: Stan Kroenke #Arsenal
Vice-Chairman: Andrea Agnelli #Juventus
Vice-Chairman: John W. Henry #Liverpool
Vice-Chairman: Joel Glazer #ManchesterUnited
Chairman: Florentino Perez #RealMadrid
Vice-Chairman: Stan Kroenke #Arsenal
Vice-Chairman: Andrea Agnelli #Juventus
Vice-Chairman: John W. Henry #Liverpool
Vice-Chairman: Joel Glazer #ManchesterUnited
A declaration about the European Super League is designed to head off an alternative plan for a radical transformation of the #ChampionsLeague, which is run by Uefa, European football governing body
At #UEFA's annual conference on Monday it is set to approve a radical new format for its competition, which includes 100 more matches each season and more money-spinning ties between top teams
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