So the founding members would be: from England (Manchester United, Manchester City, Liverpool, Chelsea, Arsenal and Tottenham); from Spain (Real Madrid, Barcelona, Atletico Madrid); and Italy (AC Milan, Inter Milan, Juventus). I would imagine at some point, if it looks like it starts to gain momentum, you would see Bayern and Paris St Germain join in as well. Then they would work out a qualifying process for the remaining spots.
It's interesting because of the way that soccer, both at the global and the club level, has been traditionally organized, which is via football associations (UEFA, CONCACAF, etc). It's historically been an open competition with low barriers to entry, where anyone can start up a club and start from the bottom. The promotion and relegation system gives clubs an opportunity to get promoted from the lower leagues to the top flight, so you get fairytales like what happened when Leicester won the PL a few years ago. Also the way the current system works, only the top teams (I think top 4 in England, and maybe top 3 in Spain, Italy, etc) get into the Champions League. I know I'm oversimplifying the process, but the point being that participation in the CL is not guaranteed - e.g. Liverpool, the current champions of England, might not qualify for next year's CL the way things are going for them. So I guess this system gives them, and the other big founding clubs, a permanent seat at the table when it comes to European competition.
So the Super League clubs would continue to play domestically, but would not play in UEFA's regional competition, the Champions League or the Europa League but rather play in their own Super League. Having a permanent Champions League for the founding members where they get to play each other every year, and they get a chance to divide up a much bigger part of the TV revenue pie without having to share it with the smaller clubs, I'm sure the money is significant. Because if I understand it correctly, currently the Champions League TV revenue is split not just with the teams that play in it, but is also used to support the grassroots and the smaller clubs, both in the top leagues as well as the lower leagues. So this would essentially transfer a lot of money from UEFA, and to those smaller clubs, to the Super League clubs.
It will be interesting to see will they have some kind of salary cap to make spending more equitable for this Super League? That's one of the things that has differentiated these clubs from all the rest is their ability to spend ridiculous amounts of money to get players, whether or not they are making money themselves. Usually because they are owned by some rich Arabs (Man City, PSG), rich Americans (Liverpool, Man Utd) or rich Italians (AC Milan, Inter Milan, Juve) that are willing to spend billions, or are backed by local city councils or local governments willing to spend billions (Real Madrid). If this Super League ends up dominated by two or three of the richest because they just outspend everyone, well I don't know how popular that will eventually be.
JP Morgan's a believer, they're backing this to the tune of $6 billion. Maybe they looked back to 1992 when the Premier League was formed, itself the result of a breakaway. It's now the richest soccer league in the world
