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PAYBACK: Super League clubs reach £22 million settlement fee

PAYBACK: Super League clubs reach £22 million settlement fee

 

A financial settlement worth a combined £22million has been reached between England’s six Super League rebel clubs and the Premier League.

Arsenal, Chelsea, Liverpool, Manchester City, Manchester United and Tottenham announced themselves as founder members of the competition on April 18, but had withdrawn within 72 hours amid fan protests and opposition from the Premier League, UEFA, FIFA and even the British Government.

The clubs indicated their intention to remain in the Premier League, but their involvement in the Super League would have had a hugely negative competitive and commercial effect on the English top flight.

 

Premier League & FA

 

After the news had broke, the Premier League and the FA released a statement outlining the settlement.

“The six clubs involved in proposals to form a European Super League have today acknowledged once again that their actions were a mistake, and have reconfirmed their commitment to the Premier League and the future of the English game,” the statement began.

“They have wholeheartedly apologised to their fans, fellow clubs, the Premier League and The FA.

“As a gesture of goodwill, the clubs have collectively agreed to make a contribution of £22million which will go towards the good of the game, including new investment in support for fans, grassroots football and community programmes.

“Furthermore, the clubs have agreed to support rule changes so that any similar actions in the future would lead to a 30-point deduction. Each of the six clubs, in that event, would also be subject to an additional £25 million fine.

“The Premier League and The FA have worked closely together throughout this process and this agreement brings both investigations into the matter to a conclusion.”


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