The six English sides involved in the European Super League have reached a combined £20million financial settlement with the Premier League.
Manchester City and United, along with Arsenal, Spurs, Chelsea and Liverpool, announced themselves as founding members of the competition in April.
After 48 hours of protests from fans, pundits and players – as well as opposition from UEFA, FIFA, the Premier League and even the British Government – all six clubs eventually withdrew.
The settlement was first reported by Sky News on Wednesday afternoon and it has also been reported that any club which signs up to a similar project in the future will be liable to a penalty of more than £20million, as well as a 30-point deduction.
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The money will go to community projects and grassroots football – not to any other Premier League clubs.
The final settlement is considerably smaller than the heavy points deduction and £15million fine per club that was initially proposed by the Premier League last month.
Nine of the original 12 clubs across Europe that signed up have pulled out and will face an £87million fine each from UEFA if they attempt to break away again in the future.
However, Juventus, Real Madrid and Barcelona have still not withdrawn from the competition and all have had disciplinary proceedings opened against them by UEFA, which may result in Champions League bans for the three clubs.
In the weeks following its announcement the Premier League has since been reviewing its regulations and drafting a new Owners’ Charter to prevent a repeat of April’s fiasco.