English Premier League rivals Manchester United and Liverpool are in talks with Europe’s elite clubs to join a new FIFA-backed tournament, according to a report published by the UK’s Sky News on Tuesday.
Citing unnamed “football industry” sources, Sky reports that more than 12 teams from Europe’s top five leagues – in England, Germany, France, Italy and Spain – are involved in negotiations to become the founding members of the new tournament, dubbed the European Premier League. It says play in the new leagues could start as early as 2022.
It also reports that Wall Street bank JP Morgan is in talks to provide $6 billion of debt financing to help launch the new league, with the funds repayable from potential broadcast income generated by the tournament. The idea of a European super league has been repeatedly floated by big clubs over the last 20 years, with UEFA coming out strongly against it.
There has been no independent confirmation of the plan from FIFA or any of the clubs allegedly in the talks.