What happened in the European Super League? Which clubs are participating? What’s been the reaction to the league? Is it even possible? Are there any consequences? What’s the format and who’s financing the league?
Six English clubs are set to form a breakaway league, but what else do we know so far?
Here’s What Happened
Twelve of Europe’s top football clubs announced recently that they have agreed to form the European Super League, a new midweek competition controlled by its founding clubs.
The idea is to form their own competition against their rival the UEFA Champions League.
Which Clubs Are Involved?
Manchester United, Manchester City, Liverpool, Arsenal, Chelsea, and Tottenham are among the Premier League’s top six teams.
Founding Clubs include AC Milan, Arsenal, Atletico Madrid, Chelsea, Barcelona, Inter Milan, Juventus, Liverpool, Manchester City, Manchester United, Real Madrid, and Tottenham Hotspur.
Three more clubs are expected to join before the season begins.
Why Has This Come About Now?
According to the clubs, the League’s formation comes at a time when the global pandemic has caused the instability to rise in the current European football economic model. The Founding Clubs have also had the aim of enhancing the consistency and intensity of established European competitions during each season, as well as providing a format for top clubs and players to compete on a regular basis.
How Does European Super League Impact the Champions League?
The Super League may essentially replace the Champions League if it is carried on.
The news broke just 24 hours before UEFA was set to meet to discuss Champions League reforms. The amendments were believed to be an effort to reach a consensus with the clubs in favour of a breakaway rivalry by providing them with more matches.
The reforms were set to be valid in 2024, increasing the number of teams in the Champions League, changing the format and increasing matches from 125 to 225.
The changes were put into effect to favor the League’s core clubs, and also included a safety net of four European qualification spots for clubs based on their past performances, to see if they qualify via domestic competition.
However, it appears that the changes do not go far enough for Europe’s most powerful clubs.
What’s the Format?
According to the Super League’s website: “The Super League is a new European competition between 20 top clubs of 15 founders and five annual qualifiers. There will be two groups of 10 clubs each, playing home and away fixtures within the group each year.
“Following the group stage, eight clubs will qualify for a knockout tournament, playing home and away until the single-match Super League championship, in a dramatic four-week end to the season.
“Games will be played midweek, and all clubs will remain in their domestic leagues.”
Who is Financing the League?
JP Morgan, an American bank, has committed $5 billion to this new project.
The breakaway clubs state, ‘The Founding Clubs will receive a sum of €3.5 billion primarily to finance their infrastructure investment plans and to offset the effects of the COVID pandemic,’