Evaluation: The breakaway European Tremendous League is all about large cash
The announcement of the European Super League on Sunday has kicked off a fierce power struggle that could upend the economics of European football. The battle pits the billionaire owners of the league’s 12 founding teams, which are among the richest clubs in the world, and Wall Street’s biggest bank, against pretty much everyone else.
Aleksander Čeferin, president of the Union of European Football Associations (UEFA), told reporters on Monday that the breakaway clubs are “fueled purely by greed.”
“Super League is only about money, money of the dozen, I don’t want to call them dirty dozen — but UEFA is about developing football, and about financing what should be financed, that our football, our culture, survives — and some people don’t understand it,” Čeferin said.
The founding clubs will be permanent members of the European Super League (ESL), a structure that resembles Major League Baseball or the National Football League and one that promises eye-popping paydays from media…
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