(MENAFN- NewsBytes) Twelve of Europe's top-flight clubs, on Sunday, announced plans to form a breakaway Super League, headed by Real Madrid president Florentino Perez.
In a joint-announcement, AC Milan, Arsenal, Atletico Madrid, Chelsea, Barcelona, Inter Milan, Juventus, Liverpool, Manchester City, Manchester United, Real Madrid, and Tottenham Hotspur laid out plans for the same.
The group also plans to add three more clubs before the inaugural season.
In this article #super-league-a- look-at-the-details,
Super League: A look at the details #super-league-will-open-a- new-chapter-for-european-football,
'Super League will open a new chapter for European football' A look at the statement from Barcelona German, French clubs yet to be associated FIFA condemns the newly-proposed league Players who feature in Super League could face bans UEFA criticizes the 'cynical project'
Details Super League: A look at the details It is understood that the founding clubs, that will govern the Super League, would withdraw from the European Club Association. Meanwhile, the games would be played in the middle of the week.
As per the agreement, the clubs will receive a net grant of $4.19 billion in aggregate.
A women's Super League competition may also launch after the men's league begins.
Statement 'Super League will open a new chapter for European football' Speaking on the same, Joel Glazer, co-owner of Manchester United and vice chairman of the Super League, said, "By bringing together the world's greatest clubs and players to play each other throughout the season, the Super League will open a new chapter for European football, ensuring world-class competition and facilities, and increased financial support for the wider football pyramid."
Quote A look at the statement from Barcelona "Going forward, the Founding Clubs look forward to holding discussions with UEFA and FIFA to work together in partnership to deliver the best outcomes for the new League and for football as a whole," a statement by Barcelona added. Teams German, French clubs yet to be associated As per a report in ESPN , the proposed framework of the European Super League involves a total of 20 teams, with 15 permanent members who can't be relegated. Notably, no German or French club is currently associated with the league.
It has been learned that New York-based investment bank JP Morgan will underwrite the project, with $5 billion being committed by the bank.
Disapproval FIFA condemns the newly-proposed league
The newly-proposed Super League has faced backlash by several governing bodies. FIFA has already shown disapproval, and condemned the breakaway competition, as it is outside of international football structures.
"Against this background, FIFA can only express its disapproval to a 'closed European breakaway league' outside of the international football structures," a statement from football's world governing body read.
Information Players who feature in Super League could face bans Earlier this year, FIFA announced that the players who feature in any breakaway European Super League would be banned from featuring in FIFA competitions, including the World Cup. The governing body said it would not recognize any such breakaway competition. UEFA UEFA criticizes the 'cynical project'
If the so-called European Super League gets launched, it would threaten the existence of the Champions League, football's biggest club competition. Notably, UEFA has chalked out plans to revamp the Champions League format, with the new-look competition due to be unveiled soon.
Regarding the Super League, UEFA said, "All our member associations will remain united in our efforts to stop this cynical project."
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