AC Milan Could Net 200-300 Million From Joining European Super League As Threat Of UEFA Bans Grow

MilanNews.it are reporting that the Serie A clubs held an extraordinary meeting today to discuss the European Super League (ESL) and the participation of AC Milan, Inter Milan and Juventus in it.

Sky Italia via MilanNews.it are reporting that the three clubs want to remain in Serie A and there will be a follow up dialogue today. The ESL would be a midweek competition for elite clubs to go head to head.

Bayern Munich, Borussia Dortmund and Paris Saint-Germain have been offered the final three founding positions in the ESL as per Der Spiegel.

Reuters have confirmed that American banking giant JP Morgan will be backing the project by providing debt financing worth 3.5 billion euros to the founding clubs to spend on infrastructure. Each club would receive 200-300 million euros each as a welcome bonus.

Financial Times are reporting that the ESL organisers have held talks with a number of broadcasters and are looking to close deals with Amazon, Facebook, Disney and Sky over rights.

La Repubblica via Calcio Mercato are reporting that three Serie A clubs asked for Milan, Inter and Juventus to be excluded from the Serie A this season given their desire to join the ESL.

FIFPRO have stated that they will oppose the ESL. UEFA and FIFA are opposing it too and threatening clubs, players and managers with bans and exclusions. Lega Serie A are also opposed to the ESL.