The six England clubs face financial losses in two days due to the "Super League"
The British newspaper "The Sun" revealed that the six England clubs that participated in the founding of the European Super League, namely Man City, Man United, Liverpool, Chelsea, Tottenham and Arsenal, lost in just two days before announcing their withdrawal from the project, about 10 million euros, in addition to other expected losses. As well as possible penalties from the English Football Association.
The newspaper said that these losses are in the value of its shares in the financial markets, and that it is more likely to fall.
She indicated that the market value of these clubs is very important during their negotiations over broadcasting rights, marketing and commercial matters, and their review during the past two days is a blow to their ambitions, although it is not a big deal.
She said that the biggest risk would be the financial sanctions as a result of announcing its withdrawal from the project that is supervised and financed by the American banking giant, "JP Morgan."
She indicated that the details of the initial contracts are not known, but they will not be without penalties.
Follow our latest local and sports news, and the latest political and economic developments via Google news