On 18 April 2021, after many rumors, the New York Times reported that 12 European clubs formed a Spanish limited liability company named European Super League (ESL Company) aiming to create a breakaway competition named “European Super League” (ESL).
The shareholders of the ESL Company were the following: Real Madrid, FC Barcelona, Atlético de Madrid, Manchester United FC, Manchester City, Chelsea FC, Arsenal FC, Tottenham Hotspur FC, Liverpool FC, Juventus FC, Inter Milan, AC Milan (three other clubs should have been found).
For this project to be developed and come to light, the global leader in financial services, JP Morgan, offered to loan EUR 4 billion to finance the competition.
The declared purpose of this new competition was to improve “the quality and intensity of...
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