The six English football clubs that have backed the European Superliga will pay £ 22m combined as they try to step out of their role in the breakaway competition which provoked a fierce reaction.
The “gesture of goodwill” follows similar sanctions by Uefa, the governing body for European football, with game authorities willing to ensure that deterrents are in place to prevent future collapse projects.
Arsenal, Chelsea, Liverpool, Manchester City, Manchester United and Tottenham Hotspur will share the collective cost, which is a fraction of their combined revenues of £ 2.6 billion for the 2019/20 season. The money will fund grassroots football and community programs.
The six have agreed to regulate changes which means that any future attempt to launch new competitions will be punished with point deductions and fines. Any club would be anchored at 30 points and fined £ 25 million more.
The Premier League, the world’s most lucrative national football competition, and the Football Association, the governing body of England in England, announced the payment Wednesday, adding that the six clubs have once again acknowledged their “mistake”. .
“The Premier League and the FA have worked hard throughout this process and this agreement leads to the conclusion of both investigations on the matter,” they said.
The Super League he tried to revise the pyramid structure of European football but was unable to gain the support of fans. Since the effective collapse of the project, the Premier League has worked to ensure that the test cannot be repeated.
Sky News reported the first payment.
The level of scrutiny has forced the six clubs to withdraw from the project within a few days of its announcement, but the actions of the Premier League and other football authorities show continued repercussions.
The UK government has set up an official review to assess governance in football. The review, led by former government minister Tracey Crouch, will assess whether the industry requires an independent regulator. Club property it is also considered.
Clubs are typically owned by super rich shareholders. Despite billions of euros in revenue in the sport, it is common for teams to record losses. The coronavirus pandemic has exacerbated the financial crisis in football, with top-tier clubs across Europe facing losses of up to € 8.1 billion during the two seasons disrupted by the public health crisis.
The penalty comes just weeks after Uefa took action against English teams, as well as AC Milan of Italy and Inter Milan and Spanish side Atletico Madrid.
According to Uefa, the new clubs will donate 15 million euros to grassroots and youth football in local areas. The teams have also agreed to give up 5 per cent of revenues from European competition for one season, and face fines of € 100 million if they try to join another breakout project.
Barcelona and Real Madrid of Spain, and Juventus of Italy, remain in dispute with the government. The three clubs refused to back down on their support for the breakaway competition.
On Wednesday, Uefa’s appeals body halted lawsuits against clubs until further notice.
The decision comes after the company behind the Super League, which is incorporated in Spain, obtained a court order in Madrid in April to prevent football governing bodies from canceling the project.
Uefa said it “understands why disciplinary proceedings need to be suspended for the time being, but remains confident and will continue to defend its position in all relevant jurisdictions.”