The top six Premier League will pay £22 million for the Premier League

The six English football clubs that support the UEFA Super League will pay a total of 22 million pounds as they try to get rid of their role in the separation game that sparked backlash.

The “goodwill gesture” follows similar sanctions imposed by the European football governing body UEFA, and the competition authorities are keen to ensure that deterrence measures are in place to prevent future departures from the project.

Arsenal, Chelsea, Liverpool, Manchester City, Manchester United and Tottenham Hotspur will share the cost, which is only a small part of their total revenue of £2.6 billion in the 2019/20 season. The money will be used to fund grassroots football and community projects.

The six agreed to change the rules, which means that any attempt to launch a new game in the future will be punished by deductions and fines. Any club will be deducted 30 points and an additional fine of 25 million pounds.

The Football Association, the governing body of the world’s most profitable domestic football tournament, the Premier League and the English Football Association, announced the payment on Wednesday, adding that the six clubs once again admitted their “mistakes”.

“The Premier League and the FA have worked closely throughout the process, and this agreement enabled the two parties to conclude their investigations on the matter,” they said.

Super League Attempts to completely reform the pyramid structure of European football, but failed to win the support of fans. Since the project effectively collapsed, the Premier League has been working hard to ensure that the project does not repeat itself.

Sky News first reported the payment.

Strict scrutiny forced the six clubs to withdraw from the project within a few days of the announcement, but the actions of the Premier League and other football authorities have shown a continuing impact.

The British government has established an official review to assess football governance. The review led by former government minister Tracey Crouch will assess whether the industry needs an independent ownership Also under consideration.

Clubs are usually owned by super wealthy shareholders. Although the sport has billions of euros in revenue, it is common for teams to record losses. The coronavirus pandemic has exacerbated the financial crisis of football. During the two seasons interrupted by the public health crisis, Europe’s top clubs faced losses of up to 8.1 billion euros.

The penalty came a few weeks after UEFA took action against the English team, Italy’s AC Milan and Inter Milan, and the Spanish team Atletico Madrid.

According to an agreement with UEFA, the nine clubs will donate 15 million euros to local grassroots football and youth football. The team also agreed to give up 5% of the European game revenue for a season, and if they try to join another exit project, they will face a fine of 100 million euros.

Spain’s Barcelona and Real Madrid and Italy’s Juventus still have disputes with the governing bodies. The three clubs refused to make concessions on their support for the separation game.

The UEFA Appellate Body suspended the lawsuit against the club on Wednesday until further notice.

The decision was made after the company behind the Spanish-incorporated Super League obtained a court order in Madrid in April to prevent the football governing body from revoking the project.

UEFA stated that it “understands why the disciplinary proceedings needs to be temporarily suspended, but remains confident and will continue to defend its position in all relevant jurisdictions”.

Source link

Recommended For You

About the Author: Agnes Zang