Perez is the reason to make European Super League now According to Diario AS, Florentino Perez and Andrea Agnelli, the leaders of Real Madrid and Juventus, respectively, are the architects of the European Super League. The idea has good financial backing, including JP Morgan and other American investment funds. Their strong relationships with American club owners in Europe, especially with Manchester United’s Malcolm Glazer and Liverpool’s John Henry, were crucial in making it what it is.
Their claim was straightforward. The pandemic has wreaked havoc on European football, with Milan, Atletico Madrid, Madrid, Barcelona, and Juventus both missing more than €100 million as a result of the financial fallout. Nobody has made a profit out of the case. In this climate, a tournament that guarantees €350 million per team and a €3.5 billion emergency fund is particularly appealing, but it was insufficient to persuade Bayern Munich, Borussia Dortmund, and Paris Saint-Germain, who are opposed to the proposal.
Agnelli resigned as president of the ECA after using his role on the UEFA Executive Committee to force UEFA to reform the Champions League. As it didn’t work out, he switched gears, aligning himself with Florentino and essentially blowing up European football. Perez is the reason to make European Super League now After the news of the Super League broke on Sunday, the ECA, which is made up of 246 clubs from across Europe, called an emergency conference, but the revolt had already begun, with some of the 12 founding clubs declining to participate in the video call.
UEFA responded as anticipated, saying that anybody who participated would be ineligible to play in their competitions, a line that FIFA quickly picked up on. It will be interesting to see how they respond now that the Super League seems to be a possibility. One thing is certain: this is a watershed moment in European football.