The Premier League’s furious 14 outcasts will hold emergency talks on Tuesday to discuss their next move following the announcement of plans to launch a European Super League.
Liverpool, Manchester City, Manchester United, Arsenal, Chelsea and Tottenham have all given notice of their intention to be founding members of the controversial new league, effectively leaving the future of the Premier League under huge uncertainty.
And Sportsmail can reveal that the remaining clubs are due to hold crisis talks tomorrow to formulate a plan of action.
The Premier League’s furious 14 outcasts will hold emergency talks on Tuesday (pictured: Leicester owner Aiyawatt Srivaddhanaprabha, left, and Everton chairman Bill Kenwright, right)
Sportsmail can reveal that the remaining clubs are due to hold crisis talks tomorrow (pictured: Premier League chief executive Richard Masters)
The meeting will provide all clubs with an opportunity to have their say on the news that has rocked English football to its core over the past 24 hours.
There are said to be varying degrees of anger amongst the 14 clubs who have been left in the lurch by the ‘big six’.
Those towards the upper reaches of the league – the likes of Everton and Aston Villa – are said to be fuming at the developments.
Both clubs have the budget and aspiration to break into European football – but there are now concerns about their appetite to fulfil those ambitions if UEFA competitions are devalued.
One source said: ‘Why would those clubs banging the door down to get into Europe continue to invest in the squad? What would be the point?’
The West Ham (pic, owners David Gold and David Sullivan) board will be present in the meeting
Aston Villa (pic, chief executive Christian Purslow) are said to be fuming at the developments
The news will have less impact on those towards the lower reaches of the Premier League, whose sole aim is to stay in top-flight every season.
However, there is a huge fear among all 14 clubs that the level of broadcasting cash that is pumped into the game from networks such as Sky and BT Sport will plummet if the breakaway league comes to fruition.
Broadcasting rights deals are worth millions of pounds to clubs but there is huge concern that TV companies will not be prepared to pay the level of money they are paying at the moment if the current format is changed.
SUPER LEAGUE FULL STATEMENT AND COMPETITION FORMAT
Twelve of Europe’s leading football clubs have today [Sunday] come together to announce they have agreed to establish a new mid-week competition, the Super League, governed by its Founding Clubs.
AC Milan, Arsenal, Atlético Madrid, Chelsea, Barcelona, Inter Milan, Juventus, Liverpool, Manchester City, Manchester United, Real Madrid and Tottenham Hotspur have all joined as Founding Clubs.
It is anticipated that a further three clubs will join ahead of the inaugural season, which is intended to commence as soon as practicable. Going forward, the Founding Clubs look forward to holding discussions with UEFA and FIFA to work together in partnership to deliver the best outcomes for the new League and for football as a whole.
The formation of the Super League comes at a time when the global pandemic has accelerated the instability in the existing European football economic model. Further, for a number of years, the Founding Clubs have had the objective of improving the quality and intensity of existing European competitions throughout each season, and of creating a format for top clubs and players to compete on a regular basis.
The pandemic has shown that a strategic vision and a sustainable commercial approach are required to enhance value and support for the benefit of the entire European football pyramid.
In recent months extensive dialogue has taken place with football stakeholders regarding the future format of European competitions. The Founding Clubs believe the solutions proposed following these talks do not solve fundamental issues, including the need to provide higher quality matches and additional financial resources for the overall football pyramid.
• 20 participating clubs with 15 Founding Clubs and a qualifying mechanism for a further five teams to qualify annually based on achievements in the prior season.
• Midweek fixtures with all participating clubs continuing to compete in their respective national leagues, preserving the traditional domestic match calendar which remains at the heart of the club game.
• An August start with clubs participating in two groups of ten, playing home and away fixtures, with the top three in each group automatically qualifying for the quarter finals.
Teams finishing fourth and fifth will then compete in a two-legged play-off for the remaining quarter-final positions. A two-leg knockout format will be used to reach the final at the end of May, which will be staged as a single fixture at a neutral venue.
As soon as practicable after the start of the men’s competition, a corresponding women’s league will also be launched, helping to advance and develop the women’s game.
The new annual tournament will provide significantly greater economic growth and support for European football via a long-term commitment to uncapped solidarity payments which will grow in line with league revenues. These solidarity payments will be substantially higher than those generated by the current European competition and are expected to be in excess of €10 billion (£8.7bn) during the course of the initial commitment period of the Clubs.
In addition, the competition will be built on a sustainable financial foundation with all Founding Clubs signing up to a spending framework. In exchange for their commitment, Founding Clubs will receive an amount of €3.5 billion (£3bn) solely to support their infrastructure investment plans and to offset the impact of the COVID pandemic. Florentino Pérez, President of Real Madrid and the first Chairman of the Super League 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.’
Backing the new European league, Andrea Agnelli, Chairman of Juventus and Vice-Chairman of the Super League said: ‘Our 12 Founder clubs represent billions of fans across the globe and 99 European trophies. We have come together at this critical moment, enabling European competition to be transformed, putting the game we love on a sustainable footing for the long-term future, substantially increasing solidarity, and giving fans and amateur players a regular flow of headline fixtures that will feed their passion for the game while providing them with engaging role models.’
Joel Glazer, Co-Chairman of Manchester United and Vice-Chairman of the Super League said: ‘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.’