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European Super League: Super League Backer ARGUES European football not sustainable, clubs unable to maximize profits – Check out

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European Super League: Bernd Reichart, chief executive of the company backing a proposed Super League, said on Wednesday that European football is losing its…

European Super League: Bernd Reichart, chief executive of the company backing a proposed Super League, said on Wednesday that European football is losing its leading role in world sport and that clubs are not maximizing their potential under the current system. Follow the latest football updates with InsideSport.IN

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European Super League: Super League Backer CLAIMS European Football Unsustainable, Clubs Able To Maximize Profits – Check Out

Reichart highlighted a report published in May by data and analytics platform Football Benchmark which said only five of Europe’s most valuable 32 clubs made a profit in the 2019-20 and 2020-21 seasons.

Real Madrid, Barcelona and Juventus were among 12 clubs to announce a Super League in April 2021, but after a hostile reaction from across the game and from fans and governments alike, the move promptly collapsed.

All six English clubs plus Inter Milan, AC Milan and Atletico Madrid pulled out, but Real Madrid, Barcelona and Juventus have continued to push the idea.

“European football is losing its leading role in world sport and clubs are lagging behind in terms of their opportunities,” Reichart, who was announced on Tuesday as A22 Sports Management CEO, told Reuters.

“The system has become quite unstable, it is no longer self-supporting. I think the clubs should be able to decide their fate, as they also bear all the (financial) risk. Most clubs agree that it cannot continue like this.”

European Super League: Super League Backer CLAIMS European Football Unsustainable, Clubs Able To Maximize Profits – Check Out

One aspect of the initial Super League proposal which angered fans was that it was a closed competition to Europe’s elite clubs, but Reichart said that was no longer the case.

“We don’t want to leave anyone behind. In our new approach, there will also be promotion and relegation,” Reichart said. American investment bank JP Morgan was supposed to fund the Super League in 2021, but Reichart said it will now be “starting from scratch”.

Reichart has also written to UEFA president Aleksander Ceferin asking for a meeting to discuss issues related to the Super League, according to a letter obtained by Reuters. UEFA said it will consider the request for a meeting.

“We can confirm receipt of a letter from A22 addressed to the UEFA President,” This is stated by UEFA in a statement to Reuters. “UEFA is always open to constructive dialogue and will therefore consider the request for a meeting in due course.”

European Super League: Super League Backer CLAIMS European Football Unsustainable, Clubs Able To Maximize Profits – Check Out

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