According to reports, Liverpool and Manchester United are taking part in talks to enter a proposed European Super League.
The top flight pair were spearheading a movement to overhaul the Premier League, entitled ‘Project Bigger Picture’ earlier this month. The new campaign would have axed the league’s two clubs, granting “enhanced voting rights” to the ‘big six.’ This was subsequently, however, repealed by the government.
It is suspected that Arsenal, Chelsea, Manchester City and Tottenham Hotspur are all targeted to join the elite division of the fellow Premier League contingent, and a further five English teams may sign up.
Wall Street bank JP Morgan and global private equity company Providence Equity Partners are looking to invest in the project, which could be launched as soon as 2022, according to media reports.
Florentino Perez, president of Real Madrid, and Key Capital Partners, the Spanish finance house, have pledged their support for the project, suggesting that Real’s likes could benefit from hundreds of millions of pounds just for entering the league.
A $6 billion (£4.6 billion) investment package is being compiled by the prospective owners to assist in the creation of the league, which will become the richest competition in the world.
The league will take on a knockout style, with a massive prize pot for the winner, and would consist of 18 sides from all over the world, including teams from England, France , Germany , Italy and Spain.
Also among those who have been approached to join the elite ranks are Spanish giants Barcelona and Atletico Madrid, but have not yet stated their position on the plans.
Joining the European Premier League does not entail the exclusion of teams from their respective leagues, but sponsorship deals may be affected.
It is unclear if the proposals have the approval of UEFA, which could put a stop to the projects, given the rivalry, as the most prestigious European football championship, could knock the Champions League off its pedestal. On the matter, the governing body declined to comment.