.jpg)
ESL distribution of wealth - Spanish giants would get substantially more than the rest of the teams?
Reading Time: 3min | Fri. 23.04.21. | 18:14
Out of nowhere, European Super League club contracts became public, revealing both gains and fees if the new league came to life
Der Spiegel, renowned German outlet, has released pages of a document that leaked online, which consists of the details regarding the financial side of the European Super League and how the clubs could have been rewarded or sanctioned.
The details were agreed to by the Premier League's 'Big Six', as well as three clubs from Italy and three from Spain before it all fell apart.
They include Barcelona and Real Madrid both receiving an extra 7.8 billion KSH each more than their rivals, the right for each club to exclusively broadcast a number of matches and a 19.5 billion KSH fee for those wishing to withdraw from the competition.
Excerpts from the #SuperLeague contract: Barca & Real were set to receive additional 60m€ each. Inter, Milan, Dortmund & Atlético were supposed to receive less than everyone else. Clubs were to exclusively broadcast live games. More:https://t.co/JvYuURviFD @derspiegel @Rafanelli pic.twitter.com/9v9lM6HlQq
— Christoph Winterbach (@derWinterbach) April 23, 2021
On Friday morning, American investment bank JP Morgan seemed to put the final nail in the coffin after they pulled their 525 billion KSH backing of the Super League.
The leak came after Super League clubs were handed a boost on Friday when UEFA determined they would not hand them sporting punishments.
It now seems clear why Real Madrid and Barcelona have still not officially withdrawn from the Super League because they were due to earn significant amount more than their rivals.
In one of the sections of the leaked document titled 'Additional compensation for the first 2 seasons of the Super League competition', there are some interesting findings.
'Barcelona and Real Madrid will be paid the additional fixed amount of €60m (£52m) each, payable in two equal instalments.
'For this purpose, at the end of the first Super League season and at the end of the second Super League season, they will be paid €30m (£26m) each.'
Barcelona are facing huge financial debts and need to bring in every penny possible to cover it with newly-elected president Joan Laporta saying the breakaway competition is 'absolutely necessary' on Thursday night.
Another part of the contract says that Super League clubs 'will have the right to show four of their regular season games live per season "exclusively" on "core club platforms"', such as their website, club mobile application and TV channel.
This would ensure additional income for clubs because it would allow them to earn extra revenue from subscriptions to those packages.
Another page shows that Arsenal, Bayern, Chelsea, Barcelona, Juventus, Liverpool, Manchester City, Man United, PSG, Real Madrid and Tottenham were due to earn 7.7 per cent of the initial payment given to founder members. The other four teams were only due to bring in 3.8 per cent of that figure.
However, perhaps the most important figure leaked in the contracts is the 'break-up fee' that could come into play now the majority of the founder clubs have pulled out.
It says that clubs who pull out of the Super League face a 19.5 billion KSH penalty fee, which would be a huge blow to the six Premier League clubs and others who have withdrawn their support.
UEFA chiefs decided not to kick any of those involved out of this season's Champions League and Europa League competitions or impose a ban from next year's tournaments.
But Barcelona and Real Madrid's faith in the Super League working in future took yet another setback on Friday when financial backers JP Morgan pulled their 526 billion KSH of support.
Wow! JP Morgan has released a statement essentially disavowing the Super League it agreed to back to the tune of €3-4bn. pic.twitter.com/I9804Jxm7L
— tariq panja (@tariqpanja) April 23, 2021
It was thought JP Morgan's financial commitment to the Super League plan was primarily going towards a payment of between 26 billion and 39 billion KSH to each participating side.











.jpg)



