Rory Smith talks about it with TAW:
European Super League
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The game is totally broken so I’ll welcome anything that disrupts that.
That is what we want, but I cannot see the FA allowing it. The draw of a Cup game for the other club is facing one of the top six and the pay day it bring. Plus the possiblity of knocking one of those top six out.
“Jürgen Klopp has to choose his words carefully tonight. The Liverpool supporters are not happy with their American owners. The rebellion may be on the way.”
@JBurtTelegraph:
@JBurtTelegraph:
Fuckin el Farky. You'll have triggered some kind of alarm on Dantes now.
Yes it’s exactly the same.
Haha that's what happens when you try to emulate humans and pipe down because another human asked you to. They'll unsheathe the above dagger and stick it into your back to reopen now the unguarded wound. Well played.
I am not sure where this whole thing is going to take me.
I am not confident though that I will be able to divest myself of all things Liverpool.
I have been a fan for fifty years now and it it's not something that I can switch on and off like a tap.
That's why I am amazed when I hear other posters saying that if the super league goes ahead they will support a different Premier League.
Taking an interest in a local team I can sort of understand but switching allegiances is not how it works in my view. That's how Chelsea and Man city gets lots of their supporters. Your team is your team and that's it.
I love LFC, I love Liverpool the city and I love the people who live there.
As much as I hate where football is heading, I don't think after half a century of emotional attachment, I will be able to flippantly walk away.
I am not confident though that I will be able to divest myself of all things Liverpool.
I have been a fan for fifty years now and it it's not something that I can switch on and off like a tap.
That's why I am amazed when I hear other posters saying that if the super league goes ahead they will support a different Premier League.
Taking an interest in a local team I can sort of understand but switching allegiances is not how it works in my view. That's how Chelsea and Man city gets lots of their supporters. Your team is your team and that's it.
I love LFC, I love Liverpool the city and I love the people who live there.
As much as I hate where football is heading, I don't think after half a century of emotional attachment, I will be able to flippantly walk away.
They have models derived by their top top investors. What could go wrong? Lol
[article]The 12 football clubs that have signed up to a European Super League breakaway competition have each been promised a €200m-€300m “welcome bonus” by JP Morgan Chase, the US investment bank financing the controversial project.
The Wall Street giant said on Monday it has committed €3.25bn to getting the new league off the ground and it would be shared among the clubs when the new competition begins.
The founding clubs of the new league are Milan, Arsenal, Atlético Madrid, Chelsea, Barcelona, Internazionale, Juventus, Liverpool, Manchester City, Manchester United, Real Madrid and Tottenham Hotspur. Three more permanent members are expected to be announced in the next few weeks. Bayern Munich, Borussia Dortmund and Paris Saint-Germain are all said to have been approached.
A further five teams will join the competition via a qualifying tournament, according to the Financial Times.
The funding provided by JP Morgan is secured against expected multibillions in TV broadcasting rights. A spokesman for JPMorgan declined to comment on the deal beyond stating: “I can confirm that we are financing the deal but have no further comment at the moment.”
The plans have been condemned by world leaders, the Premier League, football stars and legions of fans.
Boris Johnson said the plans would be “very damaging for football”. The former Manchester United and England defender Gary Neville said the creation of the new league revealed the “pure greed” of billionaire owners of English clubs.
Manchester United’s billionaire co-chairman Joel Glazer said the new league would open up a new chapter for the biggest football clubs.
“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,” he said.
Glazer will become a vice-chairman of the new league. Manchester United’s executive vice-chairman, Ed Woodward, was a JP Morgan banker before taking the top job at the club. In his role as JP Morgan mergers and acquisitions banker, Woodward advised the Glazer family on their 2005 takeover of the club.
Manchester United is saddled with net debts of £455.5m, according to its latest accounts, and increased borrowing by £60m during the coronavirus pandemic as playing in a closed Old Trafford cost the club about £6m a game.
Andrea Agnelli, the chairman of Juventus and a vice-chair of the new super league, said: “We have come together at this critical moment, enabling European competition to be transformed, putting the game we love on a sustainable footing for the long-term future.”
The billionaire Agnelli family own the majority of Juventus, as well as large stakes in Ferrari and the Economist newspaper, via Exor, a holding company in the Netherlands.
Florentino Pérez, the president of Real Madrid and the chairman of the new super league, said: “We will help football at every level and take it to its rightful place in the world. Football is the only global sport in the world with more than 4 billion fans and our responsibility as big clubs is to respond to their desires.”
The former Football Association and Manchester City chairman David Bernstein said he was ashamed of his old club, and the creation of the new league showed the desperation of club owners who had built up huge debts.
“There are two things in play here, one is greed and the other is desperation because some of these clubs … have incurred enormous debts, certainly Barcelona and Real Madrid and at least one of the English clubs who shall remain nameless are approaching £1bn of debt,” he told BBC Radio 4’s Today programme. “It’s a lifeline that is going to end, if it happens at all, very badly.”
The new league is likely to resemble US sports leagues, where there is no promotion or relegation and owners can predict steady yearly profits. Many of the recent purchasers of big European football clubs already owned sports teams in the US. The Glazer family bought the NFL team the Tampa Bay Buccaneers in 1995 for $192m; it is estimated to be worth $1.2bn today.
Gavin Patterson, a former boss of BT, has reportedly held discussions about possibly becoming chief executive of the European Super League.
JP Morgan was also the financial backer of the earlier proposals for a new Super League competition for elite European clubs. The bank’s chief executive, Jamie Dimon, has recently called on politicians to do more to control yawing inequality.
Dimon, who was paid $31.5m last year, said the US needs a “Marshall plan”, referring to the initiative to help western Europe rebuild after the second world war. Such a plan would mean more spending on infrastructure, education, affordable childcare and job training, and “may very well mean higher taxes for the wealthy”.
Dimon said in his annual letter to shareholders: “Should that happen, the wealthy should keep in mind that if tax monies improve our society and our economy, those same individuals will be, in effect, among the main beneficiaries.”[/article]
Same as how I feel about not just suddenly being able to switch it off or even move to a local side. It’s embedded into every day things.
My local side I grew up supporting on the side, sold FA Cup shirt sponsership rights for one off Arsenal tie to the #un back in 2000 and that was that pretty much for me.
Will be interesting to see what Klopp says tonight, a lot of build from media expecting Klopp to say something. The actual game almost has no relevance to the media now.
My local side I grew up supporting on the side, sold FA Cup shirt sponsership rights for one off Arsenal tie to the #un back in 2000 and that was that pretty much for me.
Will be interesting to see what Klopp says tonight, a lot of build from media expecting Klopp to say something. The actual game almost has no relevance to the media now.
Yes of course we'll still love Liverpool but we'll pretend not to, so that it hurts less.
How great would it be if the referee blew the start of the game tonight and both sets of players slowly walked off in protest.
Sadly, this is fantasy.
Sadly, this is fantasy.
This. Sadly, unfortunately, this.
They have me. They have had me since approx. 1977, and they always will. I may eventually train myself to watch less, and I may never spend another penny on merchandise, etc... But I'll never not care. Ever.
Any idea what the revenue channels for JP Morgan would be from the ESL?
Wouldn't that be wonderful?
It is not easy that such things get materialized physically and does not matter who provides the funding or money, no club will ever go ahead if clubs oppose this idea. If it goes ahead, just in case if it really does ... bye bye football. I have had wonderful ride supporting Liverpool and will naturally stop caring as I have far more important things in life to take care of and enjoy life with my family.
The leaked email to Liverpool staff:
[article]"Dear Colleagues,
"You will be aware of the announcement published late last night regarding Europe's leading football Clubs coming together to establish a new mid-week competition, the European Super League, governed by its Founding Clubs.
"For quite some time now, Clubs, including our own, have held numerous longstanding concerns about not only the future of European football but also the way football is run by UEFA.
"The global pandemic has also accelerated the instability in the existing European football economic model.
"We have therefore joined AC Milan, Arsenal, Atletico Madrid, Chelsea, Barcelona, Inter Milan, Juventus, Manchester City, Manchester United, Real Madrid and Tottenham Hotspur as Founding Clubs of the Super League.
"It is anticipated that a further three Clubs will join ahead of the inaugural season, which is intended to commence as soon as practicable.
"The Super League will be the future of European football and if we want to continue our journey of being a sustainable Club with ambition to grow and continue winning trophies then we should absolutely be part of that process and have a seat at the table rather than outside that group.
"The new annual tournament will provide significantly greater economic growth and support for European football via a long-term commitment to uncapped solidarity payments which will grow in line with league revenues.
"These solidarity payments are expected to be roughly three times what is currently achieved from UEFA competitions.
"One of the core commitments of the European Super League is to vastly increase financial support for the football pyramid.
"After the start of the men’s competition, a corresponding women’s league will also be launched, helping to advance and develop the women’s game.
"We know that this announcement has provoked strong feelings within the game and elsewhere but we believe this decision is in the best long-term interests of Liverpool Football Club.
"Importantly, this is the beginning of the journey and we can now start an engagement process with you, supporters and key stakeholders to help shape this process in the right way.
"There is still much more information to come in due course.
"I will keep you updated as we progress on this journey and discuss further on our Town Hall tomorrow.
"Thank you for your continued support."[/article]
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Pretty much.
It's not like an on-off switch. I can't just start supporting another team, but I can stop watching PL football.
I'll still love Liverpool. But whatever guise the football club takes from now on, it's not Liverpool.
I'll just stop watching football altogether. I already have, but for other reasons. I've probably been more prepared than most for this, actually.
I'll just stop watching football altogether. I already have, but for other reasons. I've probably been more prepared than most for this, actually.
Juve shares value increased by 17.85% (close to €200m) after announcement
They're not giving the money away. It's an advance on future earnings i.e a loan to the clubs involved. So this Super League best work otherwise we may find ourselves doing a Leeds.
Nope, I might find out on saturday but it won't be good. They probably won't own shares in the club, it will be bonds with a guruanteed coupon we must pay them come rain or shine. Who knows, maybe jpm are stupid and agree to a revenue linked return.
The Super League company is registered in Spain, if you speak the lingo maybe you can get hold of their papers and translate them for us.
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