UEFA are reportedly planning a £6 billion in response to the European Super League proposal. This includes restructuring the current Champions League model.
On Sunday evening, 12 elite European football clubs across the top European leagues Premier League, La Liga, and Serie A announced their participation in the new European Super League breaking away from the UEFA Champions League.
Just after the proposal was released. The football fans, pundits and even politicians showed their disappointment and anger at the Super League. UEFA president Aleksander Ceferin has also stated his disgust at the proposals. He has called for the owners of all 12 clubs to stop the competition from forming.
However, on Wednesday night the European Super League became European Super Leave. This started from Manchester City who released their statement to withdraw their participation from the new league. Soon after one by one other five English clubs released their official statement of withdrawal.
UEFA’ response to European Super League:
The new Champions League format will see all 36 clubs brought together into one pool instead of the current system of four-team groups. No announcement occurred about how the four extra teams would qualify other than that one place would go to the fifth-ranked league in Europe.
Teams will play against 10 different sides, with five home games and five away. At the end of this phase, the top eight sides will go through to the last 16, with the bottom 12 eliminated.
Meanwhile, the sides finishing between 9-24th positions will play two-legged play-offs. The winners of those ties will complete the last-16 line-up, with the losers dropping into the Europa League.
According to reports, the new Champions League format would see them provide up to £6 billion in funding. A much larger income for clubs that would be competing in the competition. A British investment fund group is in talks to work with UEFA to help fund the new version of the UEFA Champions League.
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