Man United, Juventus, Real Madrid confirm plans to participate in Super League
Twelve of Europe's top clubs announced on Sunday they were launching a breakaway Super League, headed by
Real Madrid president Florentino Perez.
AC Milan, Arsenal, Atletico Madrid, Chelsea, Barcelona, Internazionale, Juventus, Liverpool, Manchester City, Manchester United, Real Madrid and Tottenham Hotspur have all joined as founding clubs, the statements added.
Madrid president Perez said: "We will help football at every level and take it to its rightful place in the world. Football is the only global sport in the world with more than four billion fans and our responsibility as big clubs is to respond to their desires."
As part of the move, the clubs included would withdraw from the European Club Association and games would be played in the middle of the week, with the Super League governed by the founding clubs, the club statements indicated.
The agreement provides that the founding clubs will receive an upfront net grant of approximately €3.5 billion ($4.19 billion) in aggregate, the statements said. A women's Super League competition is also planned to be launched after the men's league is up and running.
ESPN sources said earlier on Sunday that up to 15 of Europe's biggest clubs are in talks to launch a so-called European Super League, planned to start in time for the 2023-24 season.
"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," said Joel Glazer, co-owner of Manchester United and vice chairman of the Super League.
If the initiative is successful, which has already been rebuked by FIFA and numerous FAs throughout Europe, it would threaten the existence of the Champions League -- football's biggest club competition -- with UEFA due to announce on Monday a new 36-team format for the tournament designed to stave off attempts by the game's top clubs to break away.
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FIFA said on Sunday it disapproved of the breakaway competition called the European Super League, as it was outside of international football structures.