A never before seen or heard phenomenon has taken place which has shook the footballing world to the core.
Twelve powerhouses of world football have announced they will form a breakaway ‘European Super League’
La Liga giants Real Madrid, Barcelona and Atletico Madrid, along with Serie A clubs AC Milan, Juventus and Internazionale will join the Premier League teams as founding clubs of this league.
European Super League format
There would be a total of 20 clubs participating in the Super league. There would be automatic entry for these 15 founding clubs each year regardless of their domestic performance.
However, five additional teams will qualify annually based on their achievements in the last season.
There would be two groups of of ten teams each, playing home and away fixtures against each other.
The teams finishing in the top three positions will automatically qualify for the quarter-finals. The fourth and the fifth placed team would compete in a two-legged playoff for the remaining quarter-final positions.
Two-legged semi-finals will follow the quarter-finals, and a single final match at a neutral venue.
What’s in it for the founding clubs?
The founding clubs will receive an upfront grant of approximately €3.5 billion from American Bank JP Morgan to offset the impact of COVID-19 and support infrastructure development.
The winning team may pocket up to €400 million, almost triple of what they earn in a Champions League.
TV money generated from the Super League could be in the range of €10 billion with founding clubs receiving the majority share of the pie.
Organizers’ take on the European Super League
With this initiative, Chairman Florentino Pérez wishes to cater to the innate desires of four billion global football fans. He also believes that the Super League will take the beautiful game to its zenith.
Current Manchester United co-owner Joel Glazer, and Juventus chairman, Andrea Agnelli have been named vice-chairmen of this newly formed league.
Glazer believes that bringing all top clubs together will give European football a new direction ensuring top of its kind competition and facilities, and will aid the broader football fraternity financially.
Reaction to the newly formed league
The announcement has been dealt with by severe criticism and condemnation across the globe.
Governing bodies FIFA and UEFA, along with its six confederations has stated that the founding clubs would be banned from playing in any competition at domestic, European or world level.
Their players could be denied the opportunity of representing their national teams.
UEFA further mentioned that they would use all judicial and sporting means available to them to stop this league seeing the light of day.
The Premier League has mentioned that the Super League will destroy fans’ dreams of seeing their club climb up to the top and achieve glory by beating the best teams.
The supporter’s trust of all English clubs have strongly condemned the league, along with ex-players.