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On Sunday, it was revealed that 12 of Europe's biggest clubs had agreed plans to create a breakaway 'Super League' competition.
Manchester City, Manchester United, Chelsea, Liverpool, Tottenham Hotspur and Arsenal, the Premier League's 'Big Six,' have been joined by Inter, AC Milan, Juventus, Atletico Madrid, Real Madrid and Barcelona, in agreeing the plans.
The revelation came with widespread condemnation from everyone in football, with Gary Neville vociferous in his criticism of the group on Sky Sports, following United's win over Burnley.
Whilst fans are understandably annoyed with the decision by clubs, it's being reported by the New York Times that those teams involved could earn up to $400 million-a-year from the competition.
It's likely that the format of the competition would see those involved initially be guaranteed their place in the competition, unlike the Champions League, whilst earning them nearly four times what UEFA's current offering is.
There is a proposed 15 founding member clubs but so far sides from France and Germany have either rejected the chance to be involved or haven't been invited.
Both last season's Champions League finalists, Bayern Munich and PSG, have rejected the Super League so far, with a PSG source claiming the club wanted to be 'loyal' to UEFA.
Other reports say a €6 billion fund from JP Morgan is backing the project with subscription service DAZN paying $3.5 billion for television rights, which is likely to be worldwide exclusive considering it's an online service.
Whilst there is 15 founding clubs set to be included, there would actually be 20 clubs in the competition each season, as the clubs announced on Sunday night.
The teams would then be split into two groups, with the top three automatically qualifying for the quarter finals and fourth and fifth in each group competing in play-offs for the final two knock out spots.
According to Sunday's announcement, the plans were originally in place for the competition to start in two years time but they could actually start in August.
The Champions League was reportedly set to announce plans for a revamp in its format on Monday, which were due to hand more power to the continent's biggest clubs.
The competition was due to increase to 36 teams, from 32, with the extra four places going to historically successful sides, as to remove the chance of sides missing out on the Champions League, in the case of Chelsea, Liverpool, Spurs, Arsenal and Borussia Dortmund this season.
Topics: Manchester City, Liverpool, European Super League, Chelsea, Tottenham Hotspur, Football, Manchester United, Barcelona, Atletico Madrid, Premier League, AC Milan, Juventus, Arsenal, Champions League, Real Madrid, Inter
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