Clouds. 60.5   F New York
AI-Powered News Summarizer
World

Analysis: The breakaway European Super League is all about big money

April 20, 2021. Summarized by summa-bot.

Compression ratio: 22.2%. 1 min read.

LEEDS, ENGLAND - APRIL 19: A Fan sign is seen reading "Fans before finance, All fans aren't we" as a protest against the European Super League outside the stadium prior to the Premier League match between Leeds United and Liverpool at Elland Road on April 19, 2021 in Leeds, England. Sporting stadiums around the UK remain under strict restrictions due to the Coronavirus Pandemic as Government social distancing laws prohibit fans inside venues resulting in games being played behind closed doors. (Photo by Clive Brunskill/Getty Images)

A dozen of Europe's top soccer clubs have agreed to form a breakaway league, producing howls of indignation from the sport's governing bodies, the elected leaders of France and Britain, and legions of their own fans. Why make such an unpopular move? Money, of course.

London (CNN Business)A dozen of Europe's top soccer clubs have agreed to form a breakaway league, producing howls of indignation from the sport's governing bodies, the elected leaders of France and Britain, and legions of their own fans.

"Super League is only about money, money of the dozen, I don't want to call them dirty dozen — but UEFA is about developing football, and about financing what should be financed, that our football, our culture, survives — and some people don't understand it," Čeferin said.

The founding clubs will be permanent members of the European Super League (ESL), a structure that resembles Major League Baseball or the National Football League and one that promises eye-popping paydays from media rights and merchandising.

But it runs counter to the traditions of European football, with its roots in industrial working class neighborhoods, where even the poorest clubs are promoted to top leagues if they win and no amount of money can protect rich teams from relegation if they lose.

Six English clubs — Arsenal, Chelsea, Liverpool, Manchester City, Manchester United (MANU) and Tottenham Hotspur — have said they will join the league, along with AC Milan, Inter Milan and Juventus (JVTSF) from Italy and Spanish clubs Atlético Madrid, Barcelona and Real Madrid.

by summa-bot

Summarizer is now on Google News and Telegram. Now you can get the latest AI summarized news on your favorite platform.

Don't like these above? We have an RSS Feed for you.

Suggestions