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A $6bn (£4.6bn) financing package is being drawn up to back the launch of a new European Premier League, Sky News can reveal.
Liverpool and Manchester United are in talks about a bombshell plot involving Europe's biggest football clubs to join a new FIFA-backed tournament that would reshape the sport's global landscape.
Sky News has learnt that financiers are assembling a $6bn (£4.6bn) funding package to assist the creation of what could become known as the European Premier League.
More than a dozen teams from England, France, Germany, Italy and Spain are in negotiations about becoming founder members of the competition.
As many as five English clubs could sign up to join it, with a provisional start date said to have been discussed as early as 2022.
Sources said that FIFA, football's world governing body, had been involved in developing the new format, which is expected to comprise up to 18 teams, and involve fixtures played during the regular European season.
The top-placed teams in the league would then play in a knockout format to conclude the tournament, with prize money for the winners expected to be worth hundreds of millions of pounds each year.
One football industry figure said that a formal announcement about the plans was possible as soon as the end of this month, although on Tuesday a number of key details - including the full list of participating clubs - had yet to be finalised and the plans could still fall apart.
The source described it as "potentially the most important development in world club football for decades".
According to insiders, a handful of English sides have been approached about joining the league, with the other candidates comprising Arsenal, Chelsea, Manchester City and Tottenham Hotspur.
To view the link you have to Register or Login
A $6bn (£4.6bn) financing package is being drawn up to back the launch of a new European Premier League, Sky News can reveal.
Liverpool and Manchester United are in talks about a bombshell plot involving Europe's biggest football clubs to join a new FIFA-backed tournament that would reshape the sport's global landscape.
Sky News has learnt that financiers are assembling a $6bn (£4.6bn) funding package to assist the creation of what could become known as the European Premier League.
More than a dozen teams from England, France, Germany, Italy and Spain are in negotiations about becoming founder members of the competition.
As many as five English clubs could sign up to join it, with a provisional start date said to have been discussed as early as 2022.
Sources said that FIFA, football's world governing body, had been involved in developing the new format, which is expected to comprise up to 18 teams, and involve fixtures played during the regular European season.
The top-placed teams in the league would then play in a knockout format to conclude the tournament, with prize money for the winners expected to be worth hundreds of millions of pounds each year.
One football industry figure said that a formal announcement about the plans was possible as soon as the end of this month, although on Tuesday a number of key details - including the full list of participating clubs - had yet to be finalised and the plans could still fall apart.
The source described it as "potentially the most important development in world club football for decades".
According to insiders, a handful of English sides have been approached about joining the league, with the other candidates comprising Arsenal, Chelsea, Manchester City and Tottenham Hotspur.
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