Did discussions by owners and CEOs of Man United, Liverpool and Arsenal for a European Super League to increase TV revenues begin in NYC in 2017?


The football world has been rocked by the formation of a Super League, which is a breakaway group from the traditional ones and has created a lot of ill will, anger and concern among football fans, club and league leaders, players and politicians.


In October 2017, owners and executives of Liverpool, Arsenal and Manchester United were spotted having lunch at Locanda Verde in the upscale Tribeca district in New York according to a report by the Daily Mail. This could have the time when the seed of forming a super league could have been planted and the idea has germinated with the recent formation of a new European Super League with the above three clubs as its founder members.


The project now has six major football clubs: Arsenal, Tottenham Spurs, Man Utd, Man City, Chelsea and Liverpool. It is reported that they have signed an approximately 5 billion dollar deal. Around 12 European clubs have also agreed to join the super league in a few days. One of the reasons for its formation could be increased TV revenues in billions for these super rich owners to get richer.


Today, Premier Leagues are having a meeting to discuss this new situation. The top 6 have not been asked to attend the meeting. Rumors are flying about banning these clubs or taking stronger action against them.


Prime Minister Boris Johnson has criticized the league and called it “damaging.” The Tories are looking at ways and means to fight back against this onslaught on football by rich club owners. Prince William, the President of FA, has said that these new proposals could damage “the game we love.”


UEFA President Aleksander Cerefin said that the breakaway Super League could banned from all competitions. Fans, players, managers, football officials and politicians have been taken by surprise about the formation of a European Super League. However, they promise to fight back.


Follow us on Google news for more updates and News


This content is being provided to you for informational purposes only. The content has been prepared by third parties not affiliated with CWEB Inc, a business. This content and any information contained therein, does not constitute a recommendation by CWEB to buy, sell or hold any security, financial product or instrument referenced in the content. This information neither is, nor should be construed as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. CWEB Inc. does not offer or provide any opinion regarding the nature, potential, value, suitability or profitability of any particular investment or investment strategy, and you shall be fully responsible for any investment decisions you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.

Unless stated otherwise, the web content provided by the CWEB family of companies is for educational purposes only. The information and tools provided neither are, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. or its affiliates. Unless stated otherwise, no information presented constitutes a recommendation by CWEB Inc. or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy.

Full Disclaimer