A dozen of the world’s biggest soccer clubs – including Barcelona, Manchester United and Liverpool FC – announced on April 18, 2021, that they are forming a new European super league, underwritten by a reported US$5.5 billion in funding from banking giant J.P. Morgan Chase. The competition – membership in which is expected to expand to 20 teams – would supersede the UEFA Champions League, which is the competition in which these top-tier teams usually compete.

The clubs have two motives for creating this breakaway league. First, the proposal would significantly increase the number of games played among big clubs from different countries. This would likely attract huge global audiences and significantly increase revenues – to be split among the member clubs. Second, the intention is that the founder clubs would be guaranteed a place in the league regardless of how they performed in the previous season. In contrast, clubs have to earn their place in the Champions League and all European national leagues.

Find more here:

https://theconversation.com/the-ups-and-downs-of-european-soccer-are-part-of-its-culture-moving-to-a-us-style-closed-super-league-would-destroy-that-159316