New Football Tournament Created: Super League Called a 'Cynical Project' by UEFA

A consensus has been reached among 12 European football clubs to create a new tournament called the Super League. The Super League will feature a competition comprising 20 teams, with 15 being permanent clubs. The remaining 5 teams will gain entry by passing through a qualification phase.

The founding clubs include Real Madrid, Juventus, Manchester United, Barcelona, Atlético Madrid, Milan, Inter, Manchester City, Liverpool, Arsenal, Chelsea, and Tottenham. The initiators of the Super League are Real Madrid president Florentino Pérez, Juventus president Andrea Agnelli, and the Glazer brothers, owners of Manchester United.

The main sponsor of the project is JP Morgan, which is prepared to invest £4.6 billion. Participating clubs are expected to receive between €89 million and €310 million for development purposes. The Super League is set to kick off in August.

In response, UEFA, along with football federations from Spain and England, has issued a joint statement saying, 'We will work together to stop this cynical project. We will take any available measures at all levels—judicial and sporting—to ensure it does not happen.'

UEFA has also announced that clubs participating in the Super League will be prohibited from competing in any national, European, or global tournaments, and players will likely lose the right to play for their national teams.