Twelve of Europe's top clubs announced on Sunday they were launching a breakaway Super League, headed by Real Madrid president Florentino Perez.
AC Milan, Arsenal FC, Atletico Madrid, Chelsea, Barcelona, Internazionale, Juventus, Liverpool, Manchester City, Manchester United, Real Madrid and Tottenham Hotspur have all joined as founding clubs, the statements added.
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As part of the move, the clubs included would withdraw from the European Club Association and games would be played in the middle of the week...the Super League...founding clubs...would govern the league, the club statements indicated.
The agreement provides that the founding clubs will receive an upfront net grant of approximately €3.5 billion ($4.19 billion) in aggregate, the statements said.
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"By bringing together the world's greatest clubs and players to play each other throughout the season, the Super League will open a new chapter for European football, ensuring world-class competition and facilities, and increased financial support for the wider football pyramid," said Joel Glazer, co-owner of Manchester United and vice chairman of the Super League.
