Financial implications mean top clubs become wealthier Financial power is said to be the main reason why European Super League is coming into play. According to reports, JP Morgan, an American bank, has committed billions to the European Super League, with each club receiving £290 million to compete.
the fact that all the powers that be seem to agree that what soccer most needs is more money, more power for the biggest and most famous clubs, more conglomeration of capital and power amongst the few, more decisions made with an eye toward the casual fan who watches on tv instead of the diehard local, is why it’s hard to really believe something …
Arnold Dsouza. Earlier on Sunday, 12 top European teams agreed to establish a new midweek competition that was intended to rival the Champions League, the so-called 'Super League'. However, it has been met with tremendous backlash from fans on social media, with several pundits also criticising the 12 clubs for their 'greed'.
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