European Super League plans dealt major blow after Uefa and Fifa blocks are backed


  • English
  • Arabic

The prospect of a European Super League appears dead in the water after a key legal opinion was issued on Thursday.

Uefa and Fifa's rules allowing them to block new competitions, as they did with the Super League when it launched in April last year, was deemed to be lawful in an initial opinion released by the European Court of Justice (ECJ).

The issuing of the threat of sanctions to clubs seeking to participate in unapproved leagues was also deemed compatible with EU law by the Advocate General (AG) in the case.

Uefa welcomed the opinion, which it described as “unequivocal”, while the European Club Association said it was a “clear rejection” of the efforts made last year by 12 of the continent’s top clubs to form a new league.

The clubs announced themselves as founder members of a new Super League late on April 18 last year, with the stated intention being for 15 clubs to be permanent members, with five extra clubs invited on a seasonal basis.

The six Premier League sides that signed up to the project – Manchester United, Manchester City, Liverpool, Chelsea, Tottenham and Arsenal – quickly withdrew their support after a backlash from fans.

However, the plans have not been scrapped completely, with Real Madrid, Barcelona and Juventus still pushing the idea.

Those backing the Super League took the matter to court in Spain initially, with a Madrid commercial court asking the ECJ to rule on whether Uefa and Fifa abused a dominant position by blocking the league and seeking to sanction the clubs.

The opinion of AG Athanasios Rantos is non-binding, pending the final ruling from the court expected next year, but if the final ruling mirrors this opinion it appears to rule out the possibility of a league even vaguely similar to the one proposed last year ever operating within the European football mainstream.

Uefa has faced threats of a breakaway by Europe’s top clubs almost ever since the European Cup – the forerunner to the Champions League – began in 1955, with the 2021 attempt only the most recent. But, if this opinion is endorsed by the court judges, then any clubs would have to be prepared to break away completely from the existing football framework.

Uefa said in a statement: “Uefa warmly welcomes today’s unequivocal opinion recommending a ruling of the ECJ in support of our central mission to govern European football, protect the pyramid and develop the game across Europe.

“The opinion reinforces the central role of federations in protecting the sport, upholding fundamental principles of sporting merit and open access across our members, as well as uniting football with shared responsibility and solidarity.”

Fifa also issued a statement welcoming the opinion, as did the ECA, which in all represents nearly 250 clubs across the continent.

The reaction of supporters to the plans were key in the Super League’s collapse, and Football Supporters Europe said on Thursday: “Last year, 12 obscenely wealthy clubs tried to destroy European football by creating a closed breakaway league.

“They failed because fans across the continent, including their own, stood in solidarity against their plans. Three clubs continue to cling on to their ill-conceived plan in a strained attempt to save themselves from their own apparent financial mismanagement.

“Today’s opinion announced by Advocate General Rantos chimes with the position of football supporters across the continent. Giving even more money and power to a few would be catastrophic, enriching a handful of clubs at the expense of all other levels of the game.”

Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

ENGLAND TEAM

England (15-1)
George Furbank; Jonny May, Manu Tuilagi, Owen Farrell (capt), Elliot Daly; George Ford, Ben Youngs; Tom Curry, Sam Underhill, Courtney Lawes; Charlie Ewels, Maro Itoje; Kyle Sinckler, Jamie George, Joe Marler
Replacements: Luke Cowan-Dickie, Ellis Genge, Will Stuart, George Kruis, Lewis Ludlam, Willi Heinz, Ollie Devoto, Jonathan Joseph

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
Updated: June 10, 2023, 11:54 AM