Football has been rocked by the announcement of a European Super League, whose ambitions appear to be more for financial gain than anything else, reports Marca.
Each participating club in the European Super League will receive 3.5 billion euros to start with, with American bank JP Morgan heading up the financial backing of the project.
The club that wins the European Super League could be due close to 400 million euros, compared to the 120 million euros that is given out to the Champions League winners each year. Barcelona, who reached the semi-finals in 2019, received 117 million euros in prize money.
As for the rest of the 1.95 billion euros in the European Super League, 488 million (25 percent) will be handed out in initial payments and another 585 million based on results.
Another 30 percent of payments will go based on a club's coefficient achieved over the past 10 years. That leaves 292 million euros (15 percent) dished out in add-ons.
These figures haven't been confirmed by the European Super League, but they almost triple those currently earned by clubs in the Champions League.
The European Super League will decide how to distribute the TV rights of their competition. The make-up of the project makes it a lucrative prospect for a lot of TV companies.
It's thought that the TV money generated could be worth as much as 10 billion euros, compared to the four million euros that UEFA made in 2020 from its competitions, which it shared with its member federations.
Twenty clubs will participate in the European Super League.
The 12 founding clubs - Real Madrid, Barcelona, Atletico Madrid, AC Milan, Arsenal, Chelsea, Inter, Juventus, Liverpool, Manchester City, Manchester United and Tottenham Hotspur- will be joined by three more, and those fifteen will be joined by five that will be ranked annually on the basis of the previous season's sporting performance.
