Liverpool and Manchester United are mentioned prominently in a report from Sky Sports News, which also names Arsenal, Chelsea, Manchester City, Tottenham Hotspur, Paris Saint-Germain, Juventus, and Bayern Munich as likely candidates to join as well.
Real are considered one of the principal architects of this European “super league,” and they will receive a hefty fee for joining, with club president Florentino Pérez said to be one of the main men behind the scenes of the proposal.
According to the report, Wall Street financiers are assembling a $6 billion funding package to create this European “super league.” The competition could be set to start as early as 2022, with FIFA involved in a tournament that could be made up of up to 18 teams, with matches played during the normal European season.
The top placed teams in the league would move onto a knockout format, with prizes in the hundreds of millions for the winners.
This tournament, versions of which have been rumored for a very long time, could potentially usurp the UEFA Champions League.
It’s said that UEFA is not heavily involved in the tournament, meaning it is a project mainly helmed by the clubs and FIFA. A power struggle between UEFA and FIFA could be in the cards, as the European federation has been attempting to revamp the Champions League and would likely not look kindly upon an attempt to one-up their premier competition. For this reason there is some skepticism that the European Premier League would kick off before, in particular, 2024, when the Champions League is set to be revamped.