The plans of some of the world’s largest football clubs to establish the European Super League (ESL) received fierce criticism.
The clubs involved said ESL would benefit the world of football but critics insisted the move was driven by greed.
According to critics, money is the main reason these clubs want to establish ESL.
The football club’s revenue received a huge impact following the Covid-19 pandemic following disrupted match schedules and the loss of spectators to the stadium.
Also, big clubs that have star-rated players with salaries of millions of pounds, have to be paid.
The clubs were attracted by a £ 3 billion grant given by investment bank, JP Morgan and will be divided equally among all clubs.
Tournament prizes are also reported to be worth 2.66 billion pounds. That value means each club joining ESL is guaranteed to receive between 130 and 213 million pounds.
ESL thinks the new tournament will trigger economic growth and better support for European football.
The clubs that have expressed interest in joining ESL are Arsenal, Chelsea, Liverpool, Manchester City, Manchester United, Tottenham Hotspur, Atletico Madrid, Barcelona, Real Madrid, AC Milan, Juventus and Inter Milan.
