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Super League crumbles, 6 English teams quit

Super League crumbles, 6 English teams quit

THE $6-billion dream of a breakaway European Soccer League featuring 12 of the richest clubs lies in tatters after strong player and fan resistance forced six English teams to withdraw. In sensational development in the past 24 hours, cracks began showing among the 12 clubs evidenced by the following developments: Manchester City has withdrawn from the ESL.Chelsea pulled out.Liverpool withdrew after players publicly expressed their opposition.Manchester United withdrew the club had “listened carefully to the reaction from our fans, the UK government and other stakeholders”. The club’s announcement came after its executive vice chairman Ed Woodward, who negotiated the ESL…
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European soccer club shares jump after Super League announcement

European soccer club shares jump after Super League announcement

GIANCARLO NAVACH and DANILO MASONI SHARES in English soccer team Manchester United and Italy's Juventus jumped on yesterday after they and 10 other top European clubs announced the formation of a breakaway Super League that could significantly boost revenue for the clubs' wealthy owners. Juventus' share price surged nearly 19% as shareholders cheered the move to set up a rival to UEFA's established Champions League, Europe's most prestigious club competition. Shares in Manchester United rose 9% after opening on the New York Stock Exchange. The Super League, financed by U.S. bank JP Morgan, heralds the prospect of bigger and more…
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