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Super League clubs signed up to punitive exit clauses Agreements would have left top clubs with hefty liabilities if they had quit once competition started Murad Ahmed and Arash Massoudi in London Super League clubs would have faced financial liabilities worth hundreds of millions of euros for leaving the breakaway competition once it began, according to leaked documents that reveal measures designed to lock Europe’s top teams into the now unravelling project. The ambitious plan to redraw elite European football has unleashed a wave of criticism from rival clubs, players, politicians and fans since it was announced on Sunday. Six English clubs late on Tuesday bowed to the pressure, saying they would no longer participate in a contest that was aimed at shattering the existing power structures in the world’s favourite sport. On Wednesday, Spain’s Atlético Madrid and Italy’s Inter Milan also announced they will withdraw. The Super League’s founding clubs had agreed so-called “exit clauses” designed to keep them in the competition once money was raised to fund the project, according to leaked documents confirmed by the Financial Times. As part of the clauses, the clubs agreed not to abandon their new competition before June 2025, and thereafter would have to issue notice to leave at least a season in advance. Super League clubs would also have been liable to pay back money received from an initial “infrastructure grant”, the €3.25bn intended to be shared between 15 founding Super League clubs and provided through a debt-financing deal unwritten by US bank JPMorgan Chase. The measures show the high stakes involved in joining the Super League, but the sanctions related to exit clauses also appear dependent on money flowing to the teams, which has not yet happened as the breakaway plan was first announced just two days ago. However, legal risks remain for the clubs as the project flounders. The dozen teams that agreed to play in the competition signed binding contracts to join the competition, according to several people familiar with the terms of the deal. The remaining Super League clubs have the option to sue those who are quitting in an attempt to enforce the deal, and it remains unclear what liabilities the clubs face for choosing to withdraw. The Super League obtained an interim injunction in a Madrid commercial court on Tuesday preventing the game’s governing bodies from blocking the new competition. After that early legal victory, English club officials spent Tuesday night preparing documents announcing their intention to withdraw, but a person involved in the decision said “there are legal complexities for the exiting clubs to navigate”. The remaining Super League clubs, led by Spain’s Real Madrid, have affirmed their commitment saying “we are going to reconsider the appropriate measures to redesign this project”. Currently, the competition would make 15 out of 20 clubs “permanent” members and the clubs have projected they would raise upwards of €4bn a season from broadcasting and sponsorship deals. Weekly newsletter Scoreboard is the Financial Times’ new must-read weekly briefing on the business of sport, where you’ll find the best analysis of financial issues affecting clubs, franchises, owners, investors and media groups across the global industry. Sign up here. But fierce opposition gathered over their plan to replace the Champions League, the continent’s existing club contest that any team, through strong on-pitch performances in their respective national league, can qualify for. Aleksander Ceferin, Uefa president, on Monday unveiled a counter proposal — a radical new format for the Champions League, including 100 more matches and more ties between the biggest sides. After the English clubs withdrew from the Super League, he said: “The important thing now is that we move on, rebuild the unity that the game enjoyed before this and move forward together.” Manchester United and Chelsea declined to comment. Manchester City, Arsenal, Liverpool and Tottenham Hotspur and the Super League did not immediately respond to requests for comment. https://www.ft.com/content/7b5f6f0d-2fa7-4fba-9ecb-89276b96d116
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it's paper money
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quella sdrumerebbe the rock a sedersici sopra
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ecco qua l'emoji sghignazzante
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il calcio e' di chi lo ama!
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forse ci danno Locatelli questo pero'
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Comunque questa CATASTROFE e' il risultato di un anno e passa di videoconferenze su zoom
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@Ilcampodice38
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no vabbe
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tanto Perez anche scoreggiasse in faccia a Gandhi ne uscirebbe rafforzato, cosi gli altri i peggiori ovviamente noi
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MELMA
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cosi perche mi va
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e JPMorgan e i suoi 6 miliardi di lire?
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che figura di
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ma il famoso contratto da 23 anni???
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European Super League Founding Clubs Have Signed A 23-Year Commitment To The Competition JOSH LAWLESS in FOOTBALL Last updated 14:57, Monday 19 April 2021 BST The 12 European Super League clubs have signed a 23-year commitment to the new competition, it has emerged.
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Super League clubs net €200m-€300m ‘welcome bonus’ JPMorgan provides funding as football elite make binding agreement to launch breakaway competition Murad Ahmed and Arash Massoudi in London 3 HOURS AGO The 12 football clubs that have signed a binding agreement to form a new European “Super League” have been guaranteed a “welcome bonus” worth €200m-€300m each, according to people with direct knowledge of the terms of a deal that will reshape the world’s favourite sport. The announcement on Sunday of the breakaway league has kicked off an intense power battle within the game, with politicians including UK Prime Minister Boris Johnson and French president Emmanuel Macron as well as fans’ groups all expressing fierce opposition. The move also sparked threats of legal action between the sport’s power brokers. The teams that have declared they plan to join the competition are: Spain’s Real Madrid, Barcelona and Atlético Madrid; England’s Manchester United, Manchester City, Liverpool, Arsenal, Chelsea and Tottenham Hotspur; and Italy’s Juventus, AC Milan and Inter Milan. People briefed on the deal said that the next clubs to be sought as “permanent members” would be Germany’s Bayern Munich and Borussia Dortmund and France’s Paris Saint-Germain, though they have so far rebuffed any approaches. A further five clubs will be invited to play in the 20-club league each season, though they would need to qualify for the competition. The money to launch the league will be provided by JPMorgan Chase, which has committed to underwriting a €3.25bn “infrastructure grant” that will be shared among the clubs as a “welcome bonus” on joining the competition. The US investment bank has provided a debt financing deal amortised over 23 years and secured against future broadcasting rights for the competition, said people with knowledge of the terms. The rebel clubs have agreed to pay €264m a year to pay down the debt, a figure that includes the 2-3 per cent interest rate that the borrowing will carry. JPMorgan declined to comment. A person close to the Super League said the payment should not be regarded as a “welcome bonus”, but instead was an advance on future revenues which would have to be repaid if any club chose to leave the competition. The league’s 15 permanent members will jointly own a newly incorporated company in Spain which will share all future media and sponsorship rights derived from the competition, according to people familiar with the matter. Anas Laghrari, a banker at Spanish advisory firm Key Capital, has been named general secretary of the Super League. He has close ties to Real Madrid’s billionaire president Florentino Pérez, who was named chair of the competition and is the driving force behind the plans. Key Capital declined to comment. Weekly newsletter Scoreboard is the Financial Times’ new must-read weekly briefing on the business of sport, where you’ll find the best analysis of financial issues affecting clubs, franchises, owners, investors and media groups across the global industry. Sign up here. The Super League’s organisers have held early discussions with broadcasters about the competition, according to people familiar with the talks, seeking to secure deals with likes of Amazon, Facebook, Disney and Comcast-owned Sky that would raise annual revenues worth €4bn a year. This is roughly double the amount earned by Champions League, the continent’s top annual club competition. The belief that such projections are realistic is because the 200 new European games a year will be played midweek and only feature the world’s top sides which have global fanbases. The Super League clubs will seek to continue to play in their respective national league contests, but would need the approval of groups like England’s Premier League and Spain’s La Liga to do so. The Super League was not immediately available for comment. But Super League clubs have vowed to provide about €400m in “solidarity grants” to teams and governing bodies in other competitions, a large increase on the funds provided through existing European competitions and money they hope will convince football authorities to avoid a protracted fight over the project. On Sunday night, the Super League clubs threatened legal action against football governing bodies that have vowed to block the breakaway competition. Recommended Football Premier League boss attacks breakaway ‘Super League’ plan The announcement of the Super League comes as clubs across Europe have suffered steep revenue shortfalls owing to the pandemic, raising concerns over the sustainability of their business models and complicating any plans for new signings. The timing also coincides with a period which has seen the valuations for top-tier franchises grow rapidly, prompting questions over where these clubs would find new sources of revenue. Negotiations have been going on for months, with detailed term sheets shared with the founder clubs since November, according to documents seen by the Financial Times. But the clubs signed binding contracts to join the project over the weekend, ahead of a Uefa meeting on Monday at which European football’s governing body was set to agree a radical transformation of the Champions League. https://www.ft.com/content/f00bb232-a150-4f7d-b26a-e1b62cd175c3
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ripeto la domanda noi tifosi della Juventus abbiamo responsabilita' morali verso i tifosi delle squadre di fascia inferiore?
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il tifoso del Benevento ha un diritto a vedere due volte l'anno Juventus - Benevento ?
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JPMorgan ci mette $6bn
