Home Stock Market The plans for the NFL-style European football league 'Super League' created a...

The plans for the NFL-style European football league ‘Super League’ created a stir

A dozen of the most successful and richest football clubs in Europe announced Their intention was to form a closed “Super League” of professional teams, creating a ruckus in the European sporting world.

  • New tournament, financed by a $ 6 billion loan from JPMorgan
    will be comprised of 15 founding member teams and five other teams selected from national championships that will compete weekly throughout the year.

  • It aims to replace the current Champions League, Europe’s most prestigious football league, which is currently open annually to the top three or four teams from each member of the Union of European Football Associations.

  • UEFA, like most national championships, has threatened to ban teams from joining the Super League, including top British names like Liverpool, Arsenal and Manchester United.
    + 9.34%

    as well as Real Madrid from Spain and Juventus from Italy
    + 16.62%

    + 1.14%
    among others.

  • French President Emmanuel Macron as well as British Prime Minister Boris Johnson Join Furor on Monday to say they will support efforts aimed at beating out efforts to create the Super League, the league Johnson said will “attack the focus of the domestic game.”

Prospects: No French or German clubs have joined the breakaway effort, and the opposition, coupled with hostility by the government, could end quickly. But the rebels may have engaged in a power game to discount, among others, the share of revenue from Champions League matches.



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