Business

Six Premier League players pay £22m for the Premier League


The six English football clubs that have backed the Europa League will pay a total of £22m as they seek to move away from their role in the breakaway competition that has sparked backlash.

The “goodwill gesture” follows similar sanctions by UEFA, European football’s governing body, with the game’s authorities keen to ensure deterrents are in place to prevent separatist projects in the future.

Arsenal, Chelsea, Liverpool, Manchester City, Manchester United and Tottenham Hotspur will share the collective cost, a fraction of their total £2.6 billion in revenue for the 2019/20 season. The money will fund community and football programs.

The six agreed to change the rules which means that any future attempts to launch new competitions will be penalized with points deduction and fines. Any one club will be deducted 30 points and fined an additional £25m.

The Premier League, the world’s most lucrative domestic football competition, and the Football Association, the game’s governing body in England, announced the push on Wednesday, adding that the six clubs once again admitted their “mistake”.

They said: “The Premier League and the Football Association have worked closely together throughout this process and this agreement concludes investigations into the matter.”

Premier League He sought to reform the hierarchical structure of European football but failed to win the support of fans. Since the project’s actual collapse, the Premier League has been working to ensure that the attempted project is not duplicated.

Sky News first reported the payment.

The level of scrutiny forced the six clubs to back down from the project within days of it being announced, but the measures taken by the Premier League and other football authorities show the continuing fallout.

The UK government has prepared an official review of referee evaluation in football. The review, led by former Cabinet Secretary Tracy Crouch, will assess whether the industry requires an independent regulator. club Property It is also under consideration.

Clubs are usually owned by wealthy shareholders. Despite billions of euros in revenue in the sport, it is common for teams to post losses. The coronavirus pandemic has exacerbated football’s financial crisis, with top-flight clubs across Europe facing losses of up to €8.1 billion over the two seasons disrupted by the public health crisis.

The penalty comes just weeks after UEFA took action against English teams, as well as against Italy’s AC Milan and Inter Milan, and Spain’s Atletico Madrid.

Under the agreement with UEFA, the nine clubs will donate €15 million to grassroots and youth football in local areas. The teams also agreed to waive 5 per cent of European competition revenue for one season, and face €100 million in fines if they try to join another breakaway project.

Barcelona, ​​Spain’s Real Madrid and Italy’s Juventus are still in dispute with the board of directors. The three clubs refused to back down on their support for the breakaway competition.

On Wednesday, UEFA’s appeals body suspended the proceedings against the clubs until further notice.

The decision comes after the company behind the Premier League, which is founded in Spain, obtained a court order in Madrid in April to prevent football governing bodies from scrapping the project.

UEFA said it “understands why disciplinary measures need to be suspended at this time, but remains confident in its position and will continue to defend its position in all relevant jurisdictions”.



Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button