What is European Super League
Twelve of Europe's leading football clubs have announced they have agreed to establish a new midweek competition, The European Super League, Governed by its "Founding Clubs".
The proposal involves the clubs forming their club competition to rival the UEFA Champions League.
Which clubs are going to participate?
The Premier's league big six football clubs- Manchester United, Manchester City, Liverpool, Tottenham, Chelsea and Arsenal all are involved.
Top Football Clubs from La Liga- Barcelona, Real Madrid, and Atletico Madrid
Three Football clubs from Italy Serie A - AC Milan. Inter Milan and Juventus.
In addition to these 12 teams, the founders expect to add three more permanent teams as well as five rotating teams per season from the rest of Europe through a qualification process.
Purpose behind the league
The main purpose of this league is to generate more revenue for so called "Founding Clubs". If they play in this new competition, they get a cheque for £250m-£300m, to begin with, then in the future, they will get three times as much money a season as they get from the Champions League.
"You are looking at £200m-£250m in TV rights, they will be able to sell some of the rights to the games themselves on their own channels, the broadcast rights all over the world."
Who is in charge of the super league?
The first head of this league is Real Madrid head president Florentino Perez, who will serve as a chairman. He's supported by two vice-chairman Andrea Agnelli (Juventus) and Joel Glazer(Manchester United).
What Would the format be?