European soccer’s ruling body UEFA on Monday said clubs and players joining the raised breakaway Super League could be vetoed from all of its competitions and the World Cup as it blamed a “disgraceful and self-serving offering “.
The U.S. investment bank JP Morgan is financing the new league, which covers clubs such as Real Madrid and Manchester United and is a opponent to UEFA’s set up Champions League competition .
Greeting an exigence assembly the day after 12 of Europe’s top clubs declared the breakaway, UEFA president ALEKSANDER CEFERIN launched a stern attack on the plan, which has been widely blamed with the game and beyond. “We’re still measurement with our juridical team but we will take all the permissions that we can and we will inform you as soon we can,” he said. “My desire is that as soon as possible they have to be vetoed from all our competitions and the players from all our competitions.” The meeting was initially scheduled to confirm plans for an extended UEFA Champions League but has been outshine by the breakaway Super League.” UEFA and the football world stand united against the disparaging and self-serving offering we have seen in the last 24 hours for a select few clubs in Europe motive by hunger . We are all united against this balderdash of a project,” CEFERIN said. JP Morgan is given a 3.5 billion euro ($4.21 billion)offer to the founding clubs to expend on infrastructure and recovery from the force of the COVID-19 pandemic.
The mordant fight for control of the game and its multi-billion dollar revenues entered a new phase with a letter sent by the 12 clubs to UEFA on Monday in which they said they would take juridical steps in unnamed courts to protect their interests as they set up the league. The breakaway has been heavily commented by soccer authorities, fan formation and politicians with Europe who say it entrenches the wealth and power of a small prime of clubs. The breakaway clubs will be guaranteed annual places in the competition – in contradict to the current UEFA Champions League, which requires teams to qualify via their domestic leagues. While having guaranteed spots in the league goes against long-standing tradition in European football, the clubs baulk the Super League will create a more sustainable monetary model. “The structure of the Super League comes at a time when the global pandemic has quicker the fluidity in the subsist European football economic model,” the clubs said in their founding statement.