Arsenal, Spurs, Man Utd, Man City, Liverpool and Chelsea have signed up to much-maligned £4.3bn project
A dozen European football clubs have agreed to join a midweek Super League with plans to start in August
Competition would have no relegation, damaging Champions League and mortally wound domestic leagues
Clubs will cream off billions in new TV money and advertising with critics saying they are pursuing NFL model
Boris Johnson has condemned the European Super League as damaging as Tories draw up robust fight back
The PM admitted clubs could be compelled to pay back state-backed coronavirus loans and furlough money
Apr 19, 2021
In China, it’s good to be rich, but not too rich. Getting to the top of the billionaire rankings carries great risks. Just take a look at those who were once first among plutocrats. All got into trouble with Beijing be they real estate developers or big tech bosses.
Wang Jianlin, founder of commercial real estate Dalian Wanda Group Co. Ltd. and China’s richest person as recently as 2016, was forced by the government to divest his overseas assets a year later when Beijing began a corporate deleveraging campaign in earnest. Hui Ka Yan, China’s richest in 2017, was asked to cut back on debt after his China Evergrande Group, the world’s most indebted developer, crossed the country’s new “three red lines.”
Arsenal, Spurs, Man Utd, Man City, Liverpool and Chelsea have signed up to much-maligned £4.3bn project
A dozen European football clubs have agreed to join a midweek Super League with plans to start in August
Competition would have no relegation, damaging Champions League and mortally wound domestic leagues
Clubs will cream off billions in new TV money and advertising with critics saying they are pursuing NFL model
Boris Johnson has condemned the European Super League as damaging as Tories draw up robust fight back
The PM admitted clubs could be compelled to pay back state-backed coronavirus loans and furlough money
The club is owned by billionaire John Henry’s Fenway Sport Group (FSG), which bought the club for £300million in 2010.
FSG is another club owner with a background in US sport, running the Boston Red Sox Major League Baseball team.
It has also come under fire for its financial operations during the pandemic, having furloughed all non-playing staff in April before performing a U-turn and apologising to fans.
Last month, FSG received investment from basketball star LeBron James who increased his stake in Liverpool, while investment firm RedBird Capital invested 735million dollars (£527million) in the sports team owner.
Manchester City
UEFA official slams snake American billionaire team owners for forming new breakaway European Super League as British soccer fans pile on Liverpool s John Henry, Arsenal s Stan Kroenke, and Manchester United s Glazer family for destroying football
A dozen European football clubs have agreed to join a midweek Super League with plans to start in August
The billionaire owners behind the clubs are driving the proposals which have been widely criticized by fans
The ultra-wealthy backers include the US sports moguls behind Manchester United, Liverpool and Arsenal
Fans targeted owners John Henry (Liverpool), Stan Kroenke (Arsenal) and the Glazer s (Manchester United)