Manchester United and Liverpool are in talks with Europe’s elite clubs to join a new FIFA-backed competition that would reshape soccer’s global landscape, Sky News reported on Tuesday.
Meanwhile La Liga chief, Javier Tebas slammed the European Premier League concept and said, ‘These projects only look good in a bar at 5am’
It has been reported that the league would be made up of 18 teams, with fixtures being played during the regular European season. Wall Street bank JP Morgan is reported to be in talks over debt financing for the competition, to be repaid from future broadcast revenues.
“A project of this type will mean serious economic damage to the organisers themselves and to those entities that finance it, if they exist, because they’re never official. These ‘underground’ projects only look good when drafted at a bar at five in the morning.”, said Tebas
Football Business : Liverpool, Man United in talks to join FIFA backed competition
Liverpool and Manchester United in talks over joining FIFA-backed US$6bn continental club soccer competition.
United declined to comment on the report and Liverpool did not immediately respond to a request for comment.
Citing unnamed “football industry” sources, Sky said more than 12 teams from Europe’s top five leagues – in England, France, Germany, Italy and Spain – are in negotiations to become the founding members of the new competition, dubbed the European Premier League, with a provisional start date in 2022.
The report added the financiers are looking to raise a $6 billion funding package to kick-start the new tournament.
Sky said FIFA, football’s world governing body, is working on a new format, which is expected to feature 18 teams playing fixtures during the regular European season before a knockout phase. Sky added that neither FIFA nor UEFA had commented on the story.
A FIFA spokesperson told Reuters in an emailed statement: “FIFA does not wish to comment and participate in any speculation about topics which come up every now and then and, for which, institutional structures and regulatory frameworks are well in place at national, European and global level.”
European soccer governing body UEFA, whose blue-riband club competition is the Champions League, reiterated its president Aleksander Ceferin’s opposition to any such Super League.
“The principles of solidarity, of promotion, relegation and open leagues are non-negotiable,” a UEFA statement said.
“It is what makes European football work and the Champions League, the best sports competition in the world.
“UEFA and the clubs are committed to build on such strength not to destroy it to create a super league of 10, 12, even 24 clubs, which would inevitably become boring.”
The idea of a European super league has been regularly floated over the last 20 years, with UEFA always coming out strongly against it.
In December, 2018, German magazine Der Spiegel, citing leaked documents, said that it had discovered plans driven by Real Madrid in conjunction with other top European clubs, for the creation of a breakaway league.
Following that report, the European Leagues group (EL), which represents 25 domestic leagues including England’s Premier League, Germany’s Bundesliga, and Spain’s La Liga, voiced its “strong opposition” to any such plan.
UEFA is currently working with the European Club Association (ECA), whose members include Europe’s biggest clubs, to redesign the Champions League from 2024 onwards, although no concrete plans have emerged.
In February, 2019, Ceferin said there would be no Super League as long as he was president of UEFA and Andrea Agnelli was the head of the European Club Association.
“It’s not a promise, it’s a fact,” he added.