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Graphic shows revenue, losses and ownership of twelve teams planning to join the proposed Super League.
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BUSINESS

Europe’s football elite plans breakaway Super League

By Duncan Mil

April 20, 2021 - The football clubs that have joined the JPMorgan-backed European Super League will receive a €3.5 billion infrastructure grant. They hope their midweek tournament will offset lost income due to the pandemic.

Members of the ultra-rich behind the proposed elite tournament in Europe stand to benefit if the new league takes off.

The American Glazer Family have owned Manchester United Plc since completing a leveraged takeover in 2005. They listed the English Premier League club on the New York Stock Exchange in August 2012. Manchester United’s shares rose by 6.74 per cent to $17.26 on Monday (April 19). The Glazer family also owns the NFL’s Super Bowl champions, Tampa Bay Buccaneers.

After taking it private three years ago, American billionaire, Stanley Kroenke, owns Arsenal Football Club in a deal that valued the Premier League club at $2.3 billion. Kroenke also owns NFL’s Los Angeles Rams. He’s worth about $9.8 billion, according to the Bloomberg Billionaires Index.

Russian oligarch Roman Abramovich bought Premier club Chelsea in 2003 for around $200 million. The club is now worth more than £2-billion.

Atletico Madrid is 52 per cent owned by Spanish millionaire Miguel Ángel Gil Marín. Israeli tycoon Idan Ofer and China’s Wang Jianlin own minority stakes.

Chinese billionaire Zhang Jindong -- the founder of Chinese Suning Appliance Group Co. -- bought a majority controlling stake in Italy’s Inter Milan for $306 million in 2016.

Sources
PUBLISHED: 20/04/2021; STORY: Graphic News
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