Chelsea could see a significant increase in revenue as one of the founding clubs of the European Super League, according to a report from Sky Sports.

According to the press release published by the European Super League — or The Super League, as they officially call it — the “financial instability in the existing European football economic model” amid the global pandemic situation has been the primary driving force behind the plans for the new competition.

The founding members believe they can generate over €10billion (£8.65bn) of “solidarity payments” in the “course of the initial commitment period of the clubs”.

In addition to that, in exchange for their commitment, the founding clubs will receive an amount of €3.5bn (£3bn) “solely to support their infrastructure investment plans and to offset the impact of the COVID pandemic.”

For us fans, there remain numerous questions about the proposed new competition; how much would each founding club potentially receive, and who is financing the European Super League in the first place?

The report from Sky Sports might help answer some of these questions.

In this photo illustration, JPMorgan logo is seen on a
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JP Morgan, European Super League and huge financial benefits of being founding clubs

Sky Sports claims that JP Morgan, an American investment bank and financial services company, has confirmed that they are financing the European Super League.

The company has not detailed how much they have invested in the new competition, but Sky Sports estimate that the company will be supplying up to $6bn (£4.3bn) in debt financing.

Sky Sports added that each founding club is set to get between €100million (£86.5m) up to €350m (£303m) just for agreeing to take part in the competition.

That is more than what these clubs make from the Champions League which is usually around £60m to £70m a year, the report added.

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For comparison, according to another report from DAZN, this season’s Champions League winner could claim up to a total of €82.4m (£71.3m) in competition prize money.

In other words, these founding clubs, including Chelsea, could potentially make more money, even twice or three times more, for just agreeing to join the Super League than just winning the Champions League.

A very tempting offer, obviously.

And not to mention that the founding 12 clubs, or potentially 15 in the future, are going to be permanent members of the European Super League, unlike in the Champions League where they have to fight for a top-four spot in their domestic leagues every year.

Top Six Club Badges on Football Shirts
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Chronicle view

Not much to say about it really. It is just greed.

These clubs — including Chelsea, disappointingly — have pretty much decided that they want to share the money mostly among themselves and that they are the only European football top dogs and will remain the elites for the foreseeable future.

Read also: Chelsea could be banned from entering Champions League next season following UEFA statement

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