Representatives of Arsenal, Manchester United, Manchester City, Chelsea and Liverpool were all photographed emerging from a hotel where American billionaire Stephen Ross was staying. Ross is allegedly planning the formation of a new European Super League, featuring only the richest and most famous clubs across Europe.
Stephen Ross, the billionaire owner of NFL franchise Miami Dolphins, has made considerable investments in European football as well. He is the brains behind the International Champions Cup, which features top European clubs playing an exhibition tournament in America.
It has long been reported that big clubs are planning a super league exclusively for the richest and most well known clubs in Europe, and it looks like Stephen Ross is getting on board to do just that. Representatives of five of the top Premier League clubs took part in a secret meeting in London yesterday with Stephen Ross to allegedly lay the groundwork for the new European Super League.
“Old Trafford executive vice-chairman Ed Woodward, Chelsea chairman Bruce Buck, Arsenal chief executive Ivan Gazidis, City’s chief executive Ferran Soriano and Liverpool’s Ian Ayre All emerged smiling and shaking hands after the clandestine meeting,” according to reports in the Sun.
All capital, no soul
The tournament will bring in record revenues for the clubs involved and will likely be a financial success for them. With clubs like Manchester United, Chelsea and Liverpool looking likely to miss out on European football next season, it could be a considerable incentive for them if they were guaranteed spots in the prospective Super League every year.
On the other hand, low budget clubs like Leicester City, Celta Vigo and Hertha Berlin are making waves in their respective leagues by duking it out with the big clubs. However, if they are deprived of the subsequent revenue from such an elite league, then the gulf between the rich and the rest would only increase. This would lead to a monopolisation of the domestic leagues, and this is something the fans of the sport would not take kindly to.