{"id":151722,"date":"2020-10-20T23:20:54","date_gmt":"2020-10-20T23:20:54","guid":{"rendered":"https:\/\/www.bnreport.com\/manchester-united-liverpool-and-jp-morgan-plan-european-football-breakaway-league\/"},"modified":"2020-10-20T23:20:54","modified_gmt":"2020-10-20T23:20:54","slug":"manchester-united-liverpool-and-jp-morgan-plan-european-football-breakaway-league","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/manchester-united-liverpool-and-jp-morgan-plan-european-football-breakaway-league\/","title":{"rendered":"Manchester United, Liverpool and JP Morgan plan European football breakaway league"},"content":{"rendered":"

<\/p>\n

Manchester United<\/a> PLC (NYSE:MANU<\/a>) and Liverpool FC, owned by Fenway Sports Group, are again stirring up the football establishment as plans for a breakaway European competition emerge.<\/p>\n

It comes just a week after separate plans from the ownership behind England\u2019s top two soccer brands proposed \u2018Project Big Picture\u2019 which purported to rescue lower league football business but would also reduce the number of games and give elite clubs greater control of the English league system.<\/p>\n

Other English clubs including Arsenal, Chelsea, Manchester City and Tottenham are also being lined up to join the new European League, according to a Sky News report, alongside with other top teams from France, Germany, Italy and Spain.<\/p>\n

The report claims an eighteen team competition could start as soon as early 2022. Games would be played in mid-week fixture slots during the European football season, meaning it would be in direct clash with the existing Champions League.<\/p>\n

It is proposed to comprise a league format with an \u2018NFL style\u2019 playoff to crown a champion.<\/p>\n

According to Sky, the prize pot would be \u2018hundreds of millions\u2019 for the winner.<\/p>\n

This latest leak arrives on the eve of Manchester United<\/a>\u2019s financial results and investor call, which will reveal the impact of the COVID-19 pandemic upon \u2018the world\u2019s biggest club\u2019.<\/p>\n

The outlook presented by United executive chair Ed Woodward<\/a> will certainly be under scrutiny on Wednesday.<\/p>\n

Fans will look for explanations over what many regarded a chaotic transfer period. But, on the business front attention will be on COVID and United\u2019s liquidity \u2013 especially given that United would typically generate around \u00a35mln per home fixture, that its commercial activities are driven by consumer dependent brands and it continues to carry around \u00a3430mln of debt.<\/p>\n

A European breakaway would be a possible money-spinner for clubs like United and Liverpool, measured among the biggest brands in world football, by audience.<\/p>\n

JP Morgan is reportedly engaged to potentially provide a US$6bn debt financing package to fund the launch of the breakaway competition, with repayment tied to future broadcast revenues.<\/p>\n

It will remain to be seen quite how and by whom those broadcast revenues are generated.<\/p>\n

Sky, which broke the news of the European Premier League plan, is one of the English Premier League two primary broadcasters. It was a key stakeholder as the top tier of English football separated from the Football League to create the Premier League back in the early 1990s.<\/p>\n

It previously lost the rights to European club football in the prior UEFA auction, with BT Group PLC<\/a> (Read More \u2013 Source<\/a>
\n[contf]
\n[contfnew]
\n <\/p>\n

Proactiveinvestors<\/a><\/h5>\n

[contfnewc]
\n[contfnewc]<\/p>\n","protected":false},"excerpt":{"rendered":"

Manchester United PLC (NYSE:MANU) and Liverpool FC, owned by Fenway Sports Group, are again stirring..<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":["post-151722","post","type-post","status-publish","format-standard","hentry","category-politics"],"yoast_head":"\nManchester United, Liverpool and JP Morgan plan European football breakaway league - Business News Report<\/title>\n<meta name=\"description\" content=\"Manchester United PLC (NYSE:MANU) and Liverpool FC, owned by Fenway Sports Group, are again stirring..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/manchester-united-liverpool-and-jp-morgan-plan-european-football-breakaway-league\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Manchester United, Liverpool and JP Morgan plan European football breakaway league - 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