A number of top European football clubs are in talks to form a new breakaway tournament, supported by FIFA, in a move that could transform the modern sporting landscape.
The move would see some of Europe’s biggest and richest football clubs form a new American-style football league.
A source described it as “potentially the most important development in world club football for decades".
The report suggests that Wall Street bank JP Morgan is gathering a $6 billion package to help fund and create the league in the early stages of its inception.
It is understood that currently, more than a dozen teams from Europe’s ‘Big Five’ leagues in England, Spain, Germany, Italy and France are involved in the negotiations to become founder members of the league.
Reportedly, Sky have been told that FIFA has supported the idea and involved itself in the developing stages of the move.
The format of the league would see up to 18 teams in the league all playing throughout the standard European football calendar. Upon its completion, the clubs at the top will compete in a knockout competition to decide its overall winner, who is expected to receive hundreds of millions of pounds in prize money every season.
A figure in the football industry has suggested that the tournament could be formally announced as soon as the end of this month, despite not all details having been agreed upon.
Rumours of a European super league has long circled the footballing world and the latest developments could see these suggestions validated.
Although the plot has been so far backed by FIFA, it is unknown whether it has been supported by UEFA, the European governing body, who would effectively see their Champions League competition undermined. However, one source claimed that it would need UEFA’s backing to go ahead as the body looks to revamp the structure of its lucrative competition.
Real Madrid are said to have been one of the driving forces behind the creation of the new European Premier League. Club president Florentino Perez and FIFA president Gianni Infantino held talks last year to discuss the possible reformations of club football in Europe, according to reports.
People close to the discussions have suggested that it wouldn’t be a breakaway football league, ending clubs’ involvement in their respective leagues but there is no doubt over the consequences there would be for the domestic broadcasting and sponsorship rights, where significant losses have already been felt due to the Covid-19 pandemic.
The English Premier League could see five of its ‘Big Six’ clubs join the breakaway league, with the news coming just a week after Liverpool and Manchester United’s Project Big Picture proposals were thrown out.
FA chairman Greg Clarke claimed that a European breakaway league had been threatened to persuade their proposals into the English football pyramid.
Author: Jake Wilkin