[Sport] European Super League clubs face £130m withdrawal fee

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The nine European Super League clubs that pulled out of the project are currently facing a £130 million withdrawal fee as a result of their decision.

Arsenal, Chelsea, Liverpool, Manchester City, Manchester United, and Tottenham Hotspur – the Premier League’s Big Six – all announced their intentions to sign up on Sunday before withdrawing on Tuesday evening.

Following widespread condemnation from all corners of the game, Atletico Madrid, Inter Milan, and AC Milan also pulled out of the tournament, and it remains to be seen what penalties the ‘Dirty Dozen’ will face from football authorities.

According to documents obtained by German publication Der Spiegel, the nine clubs that left the Super League committed to a 23-year deal that included a £130 million exit fee if they chose to leave.

According to the study, Barcelona and Real Madrid, two clubs still committed to the project, were due to earn £52 million more than their competitors, but the rivalry appears to be dead in the water after financial sponsor JP Morgan pulled out.

One of the Super League’s 12 owners, Man United executive co-chairman Avram Glazer, is said to have declined to apologize for his role in bringing the Red Devils into the competition.

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