Tag: European Super League

  • Clubs will have to pay £130 million for Super League exits

    Clubs will have to pay £130 million for Super League exits

    German outlet Der Spiegel has revealed a few pages of the contracts of the European Super League that the twelve participating clubs had signed. The pages detail invitations to Bayern Munich, Paris Saint-Germain, and Borussia Dortmund to join the Super League. 

    Not only that, but they also talk about the situation wherein clubs will have to exit the competition. While every club has more or less excited plans for the breakaway tournament, the contracts detail that they will have to pay a sum worth £130 million to be free from their contractual obligations. 

    EypCtAjWgbenzemarealmadridAgN6jr Clubs will have to pay £130 million for Super League exits

    The participating clubs would also have the ability to broadcast four games on their exclusive platforms, including websites, apps, or straight to TV. Barcelona and Real Madrid would be entitled to a sum worth about €60 million more than the other clubs, and all the other clubs conceded to this. 

    All the clubs would be receiving some amount of the massive infrastructure grant that the Super League would receive. Still, now that the main investors, JP Morgan, have pulled out their £3.5 billion funds, there is little chance that the ‘suspended’ project will get back up and running anytime soon. 

    florentino perez Clubs will have to pay £130 million for Super League exits

    The project was meant to be a long-term commitment, with the contract laying out the foundation for an agreement 23 years into the future. However, thanks to mass protests from fans and disapproval from people of all walks of life, the project has been called off for the time being. 

  • JP Morgan pull out £3.5 billion investment in Super League

    JP Morgan pull out £3.5 billion investment in Super League

    In what will be seen as a massive blow for the ‘suspended’ European Super League plans, JP Morgan have pulled out their £3.5 billion investment in the breakaway tournament after the Premier League clubs decided to not continue with the project due to mass protests. 

    Standard Ethics rates companies by evaluating their sustainability and is modelled on credit-ratings agencies and this past week, JP Morgan had their rating diminished from adequate to non-reliable. 

    florentino perez JP Morgan pull out £3.5 billion investment in Super League

    ‘We clearly misjudged how this deal would be viewed by the wider football community and how it might impact them in the future.

    ‘We will learn from this.’ Said the investment bank in a statement. 

    The plan for the financing company was to pay each and every participating club a sum between €200 million and €300 million. Additionally, the winners of the competition would receive a sum worth around €400-500 million. 

    Ezbqwk0WEwAntourcoldnightsinstokeAicQA JP Morgan pull out £3.5 billion investment in Super League

    However, the plans that were announced on Sunday effectively collapsed within 48 hours due to the massive protests across the world. Fans gathered outside stadiums, most notably outside of Stamford Bridge in London, where Petr Cech himself had to come out to calm down the Chelsea fans. 

    Manchester City followed suite shortly after, and subsequently, all English and Italian clubs have left the plan. Atletico Madrid are the only Spanish club that has pulled out of the tournament, with Barcelona and Real Madrid being the only ones still somewhat confident in reviving the plans. 

    With the money out of the project, it’s safe to say that the project has no hope of coming back up to the surface anytime soon. 

  • OFFICIAL: No Super League clubs will be banned from the UEFA Champions League and Europa League

    OFFICIAL: No Super League clubs will be banned from the UEFA Champions League and Europa League

    The European Super League collapsed just after 48 hours from its official announcement. After strong protest from fans worldwide, Manchester City and Chelsea were the first clubs to pull out from the ESL, followed by the other Premier League clubs, Arsenal, Liverpool, Manchester United and Tottenham Hotspur.

    Later, Spanish club Atletico Madrid and Italian side Inter Milan also withdrew from the European Super League. The clubs released official statements confirming their withdrawals. However, AC Milan, Barcelona, Juventus and Real Madrid are still in it, even though the chance of the Super League happening now is nil.

    The would-be chairman of the Super League, Florentino Perez confirmed that the Super League project is not dead, it’s just on standby. UEFA were angry with the 12 clubs who wanted to form the breakaway Super League and wanted to punish them. Among the 12 founding clubs, Real Madrid, Chelsea and Manchester City are still in the Champions League, whereas Manchester United and Arsenal are in the Europa League.

    It was rumoured that UEFA wanted to expel them from this season’s Champions League and Europa League and even banning them for some years. But, Perez always maintained that UEFA can’t expel them for sure. He said: No. They won’t be expelled from the Champions League. That’s for sure. Real Madrid won’t be, Man City won’t be, none of them will be expelled. That’s for sure. I am completely sure of it. Not from the Champions League, not from LaLiga, nothing like that.”

    Now, it has been made official that there are no bans on the clubs for this season, and the matches were never suspended.

    The first leg of the UEFA Champions League semi-finals will take place as scheduled. Real Madrid will take on Chelsea on Wednesday, 28th April at 12:30 pm IST and a day later, on Thursday, 29th April, Manchester City will face Paris Saint-Germain at 12:30 om IST.

    The UEFA Europa League fixtures will follow the UCL fixtures. Manchester United vs Roma and Villarreal vs Arsenal will take place on Friday, 30th April at 12:30 pm IST.

  • Fans and player’s reactions to the European Super League

    Fans and player’s reactions to the European Super League

    Chelsea were the first team to pull out of the proposed European Super League. They announced the news right after the Brighton game. Before the game, though, there was a massive outrage from fans who had gathered outside Stamford Bridge and were protesting Chelsea’s involvement in the Super League. 

    Petr Cech had to reason with the fans to let the team bus in. At this point, one must imagine what would happen if stadiums were open. Loud and proud fanbases like that of the Blues would have caused a frenzy like none seen before, to say the least. 

    Roman Abramovich was the first to say that there has been a mistake. Pep Guardiola was also opposing it in his press conference before the game against Aston Villa. Man City was the second club to get out of the Super League, and they practically spearheaded the collapse of the plan. 

    Chelsea are content with the board and they are calm and will continue with the same people at the board. The same can be said for Manchester City, who currently top the table and are in the last four of the Champions League, along with the finals of the EFL Cup. 

    Jordan Henderson called a captains meeting and they decided to not go forth but there is a need to change things in the current format. The Liverpool skipper took to Twitter to voice his opinions, which were echoed by other Premier League players as well. 

    Arsenal and Tottenham fans went as far as to ask their owners to leave, with protests against Stan Kroenke and Daniel Levy intensifying due to the Super League. They are happy with their position to go against the Super League. 

    daniel levy scaled 1 Fans and player's reactions to the European Super League

    Surprisingly, sporting directors were also targeted due to the club’s involvement in the breakaway tournament. However, this was only to do with owners and not sporting directors. They didn’t know until hours before the announcement. 

  • Barcelona president Joan Laporta believes a European Super League is an absolute must

    Barcelona president Joan Laporta believes a European Super League is an absolute must

    The European Super League collapsed just after 48 hours from its official announcement. After strong protest from fans worldwide, Manchester City and Chelsea were the first clubs to pull out from the ESL, followed by the other Premier League clubs, Arsenal, Liverpool, Manchester United and Tottenham Hotspur.

    Later, Spanish club Atletico Madrid and Italian side Inter Milan also withdrew from the European Super League. The clubs released official statements confirming their withdrawals. AC Milan, Barcelona, Juventus and Real Madrid are still in it, even though the chance of the Super League happening is nil.

    Newly elected Barcelona president Joan Laporta has spoken for the first time since the ESL was made public. He feels that the formation of the Super League is an absolute must.

    Laporta said on TV3, via Marca: “[A Super League] is absolutely necessary. We are supporters of the national leagues and we will talk to UEFA,”

    “We have a position of prudence. It is a necessity, but the last word in the end will be [from] the members.

    “The big clubs contribute a lot and we must participate in the economic distribution.”

    Laporta also feels about the Super League that it must still uphold certain sporting values.

    He said: “It should be an attractive competition, based on sporting merits,”

    “We are open to an open dialogue with UEFA. I think there will be an understanding.”

  • The downfall and possible fallout of the Super League

    The downfall and possible fallout of the Super League

    UEFA needs to agree and probably change the Champions League and Europa League format earlier than expected. The main reason behind this is to prevent an uprising of the stature of the Super League again. However, the financial angle and remodelling of European football are also necessary at this point. 

    There is a lot of tension between the different clubs that were involved in the project. Florentino Perez said on El Chiringuito that they couldn’t pull out of the project because a contract bound them, and 24 hours later, they did. 

    florentino perez The downfall and possible fallout of the Super League

    It was anticipated that the situation would go on for weeks but died in days. While it was a terrible project from some sides, the real terrible thing was with the fans’ timing and communication. They had to prepare the fans for such a shocking announcement, and they didn’t do so, which is one of the blunders they committed. 

    Employing an impartial point of view, all they said isn’t wrong. But as outlined by Fabrizio Romano on the Here, We Go podcast; you have to talk before announcing and not after. It takes years to talk and prepare the fans for a change of such stature, and a better approach would have been working with UEFA and FIFA and not going to war with the boards. 

    uefa The downfall and possible fallout of the Super League

    From the communication point of view, it was the biggest mistake by the big football clubs. The project was destroyed in twenty-four hours which made the interviews useless. Ed Woodward and Andrea Agnelli talked with Aleksander Ceferin earlier last week. Then they signed the contract on Sunday, which is something incredible, and Ceferin didn’t hold back from pointing that out. 

    It will be interesting to see how Perez, Agnelli and Woodward deal with UEFA. They will talk with UEFA, who need the Champions League and vice versa. They can try to save the situation, but right now,  it’s time to save the Champions League. Perez said it isn’t the best idea to have 36 and that we need to help some clubs get back in the Champions League. 

    928399 uefa champions league The downfall and possible fallout of the Super League

    How UEFA plan to revamp the tournament is still not clear, but hopefully, we fans will have a better idea of how things are going in the months to come. 

  • Florentino Perez insists the Super League project is not dead, it’s just on standby

    Florentino Perez insists the Super League project is not dead, it’s just on standby

    The European Super League collapsed just after 48 hours from its official announcement. After strong protest from fans worldwide, Manchester City and Chelsea were the first clubs to pull out from the ESL, followed by the other Premier League clubs, Arsenal, Liverpool, Manchester United and Tottenham Hotspur.

    Later, Spanish club Atletico Madrid and Italian side Inter Milan also withdrew from the European Super League. The clubs released official statements confirming their withdrawals.

    However, AC Milan, Barcelona, Juventus and Real Madrid are still in it, even though the chance of the Super League happening is nil.

    The would-be chairman of the Super League, Florentino Perez, appeared on Spanish radio to explain what is happening on Wednesday night.

    Perez said, speaking on ‘El Larguero’ on Cadena SER, via Marca: “I’m quite sad and disappointed because we’ve been working on this project for around three years and maybe we’ve not been able to explain it well,”

    “The Champions League format is old and only interesting from the quarter-finals onwards.”

    “This format clearly doesn’t work, so we thought that we could have a format where the most important teams in Europe play against each other from the very beginning of the season.”

    “We worked out the numbers and felt we could make much more money, more money for all the other teams too.”

    When asked about the withdrawals of the Premier League’s Big Six clubs, Perez stated: “There was one part of the English group that didn’t have much interest, I won’t say who.”

    “I think this became contagious with the others. These directors are mostly American, maybe from the NFL or NBA. They’re leaving because of the atmosphere.”

    “FIFA created a big spectacle. It was as if we had let off an atomic bomb. Maybe we didn’t explain it well, but they also didn’t give us an opportunity to explain it. Some people just didn’t want that.”

    “I’ve never seen such aggression from the president of UEFA and some of the countries’ footballing authorities. I’ve been in football for 20 years and I’ve never seen threats like this.”

    “It was like we killed someone. It was like we killed football. But, we were trying to work out how to save football.”

    Perez said when asked about people who think the Super League is already over: “They’re completely wrong. I don’t think [the other clubs] have left yet. It’s clear in the contract that you can’t leave. Most people involved are directors who know this world.”

    Perez spoke about the Super League being a closed one and how the founding members had earned the right to be founding members.

    He said: “These teams have earned this. These are the teams that over the last 20 years have earned this. They have the biggest social media followings and the most fans.”

    Perez was also asked about the effects on Real Madrid and why he didn’t consult with the other Real Madrid officials about joining the Super League. He responded: “Do I have to ask them which players to sign as well?”

    “If we tell Real Madrid fans we’ll play against one of the Manchester teams or Barcelona each week, do you think they’d say ‘no’?”

    “Do you not think they’d like, everything else staying the same, to play big teams instead of these matches that aren’t interesting until the quarter-finals?”

    “There are some matches that I struggle to watch.”

  • What does the future of European football look like?

    What does the future of European football look like?

    The plans of the European Super League threw the football world into a frenzy since the beginning of the week. Although the proposed breakaway tournament collapsed in 48 hours due to the mass protests across the globe, the after-effects of the incident leave a lot to be pondered. 

    The Champions League is expected to undergo a revamp to prevent such an uprising from taking place ever again. Reports surfaced yesterday, saying that UEFA is planning to invest a staggering sum worth £6 billion into the tournament to not only improve the standard of the matches but also maximise the amount paid out to the teams. The main reason behind the Super League coming into being was, after all, due to a financial crunch across the continent. 

    bayern munich 2 What does the future of European football look like?

    Come 2024, the tournament is also expected to undergo a change with the Swiss format being put into place. As a result, the number of matches will increase to over 200 with 180 matches being played in the group stages as a whole, ten per team. 

    The coefficient rule which allows prestigious clubs like AC Milan, Tottenham or Arsenal from trying to participate in the Champions League despite them not performing well in the league in the previous season is still sketchy. But, given that the changes are still three years away, anything can happen. 

    UCL 2020 What does the future of European football look like?
    (Image Credits – CBS Sports)

    With UEFA also set to relax financial fair play rules in the coming years, there is a very good chance that the impact of money in the sport could shoot up despite the Super League not going through. In that scenario, there is still the risk of fans being branded as ‘customers’, but hopefully they will be back as spectators in the stands soon. 

    Football is, after all, a game for the fans, as recent times have made clear, and protests could come around any time that such a greedy scheme be put into place to uphold the sanctity and beauty of the sport. 

  • Sheikh Mansour practically saved the world from the Super League

    Sheikh Mansour practically saved the world from the Super League

    Manchester City once wasn’t as prosperous as they are today, and things all changed when Sheikh Mansour invested in the club and turned things around. The Qatari investment was always about helping the club prosper, and that is exactly what has happened since the middle Eastern investment. 

    Sheikh Mansour invested £1.3 billion initially and continues to pump in money, which has yielded very good results. The main idea is that it was never about the money, and the same reasoning can be extended to them pulling out of the European Super League first. 

    chelsea manchester city Sheikh Mansour practically saved the world from the Super League

    The club’s involvement in the Super League itself (whose main purpose was to mint money for the big clubs in the continent) was questionable since they don’t really have the need for any more money. In hindsight, the main reason behind City being involved in the tournament was a case of FOMO. Chelsea too was rumoured to have only joined the Super League because of the fear of missing out. 

    The Sky Blues hence pulled out the tournament with the fans protesting and laid the cornerstone for the collapse of the Super League with all the different clubs from the three countries pulling out except for Real Madrid and Barcelona. 

    Ole Gunnar Solskjaer Pep Guardiola Sheikh Mansour practically saved the world from the Super League
    Manchester United manager Ole Gunnar Solskjaer (left) and Manchester City manager Pep Guardiola (right) enjoy a laugh on the touchline during the Premier League match at the Etihad Stadium, Manchester. PA Photo. Picture date: Saturday December 7, 2019. See PA story SOCCER Man City. Photo credit should read: Martin Rickett/PA Wire. RESTRICTIONS: EDITORIAL USE ONLY No use with unauthorised audio, video, data, fixture lists, club/league logos or “live” services. Online in-match use limited to 120 images, no video emulation. No use in betting, games or single club/league/player publications.

    ‘It’s not sport when there is no relation between effort and success,’ Pep Guardiola said on Tuesday. ‘It’s not sport. It’s not sport if it doesn’t matter if you lose. I want the best competition as possible. It’s not fair if teams fight at the top and cannot qualify.’

  • UEFA to invest £6 billion in the new revamped Champions League

    UEFA to invest £6 billion in the new revamped Champions League

    Now that the plans for the Super League have all but collapsed in the span of 48 hours, there are plans emerging for UEFA to invest heavily in the Champions League to combat the idea in itself and prevent such a situation from ever arising again. 

    As of the time of writing AC Milan, Arsenal, Chelsea, Atletico Madrid, Juventus, Manchester United, Manchester City, Inter Milan, Liverpool and Tottenham have all pulled out of the competition, leaving only Real Madrid and Barcelona in the competition. Hence, it is well worth considering that the tournament is done for.

    READ: UEFA approves the new format of the Champions League, set to be implemented from 2024

    uefa UEFA to invest £6 billion in the new revamped Champions League

    UEFA President Aleksander Ceferin slandered Ed Woodward and Andrea Agnelli of Manchester United and Juventus respectively, with abuses of snakes and liars thrown at the two officials due to their involvement in the plans for the European Super League. 

    According to RMC Sport, UEFA are looking to invest £6 billion in the revamped Champions League, with an initial budget of £3.9 billion that will rise to the previously mentioned figure. The governing body is working with a London based bank to acquire the funds to pump into their greatest creation. 

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    This would mean for participating clubs to earn more as a result of their participation and success in the Champions League going forward. 

    The main reason behind the breakaway tournament plans being as solid as they were was due to the acute shortage of finances, as proposed by Real Madrid and Super League president Florentino Perez. However, with the war against the Super League all but won by the fans, the Champions League could be on the verge of reaching new heights with the changes that will be implemented.