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The European Super League – The Truth unraveled

The European Super League - The Truth unraveled

What is the European Super League?, Who are the architect behind the idea?, Why have some big European clubs join the supposed European Super League

What is the European Super League?

European breakaway competition with 15 core teams and 5 qualifying teams. Core teams don’t face relegation. They will each receive €3.5 Billion for “infrastructure investment plans.”

NOTE: UEFA Champions League winner gets €82.4M.

For Participating in the European Super League you get €350m. The winner gets €500M.

Who are the architect behind the idea?

The headlines will belong to Florentino Perez, Andrea Agnelli and Joel Glazer but the real architect of the renegade league is methodically crafted by a guy you probably never heard of- Charlie Stillitano (aka Champagne Charlie).

Who is Charlie Stillitano

Charlie belongs to no club or league. He’s an incredibly well connected mercenary with the sole aim of commercializing European football in the US.

He’s also the Chairman of Relevent Sports Group – a football events & media company. The Vince McMahon football equivalent

Charlie was on one the first guys on the scene when the US “soccer” league was launched in the early 90s.

Then he started booking high profile matches. He set up Man United vs. Real Madrid in 2014 at Michigan Stadium. The attendance?

Over 109,000 fans – a record attendance

Charlie was at the inception of the cartel in 2015 when he sent out a mail to Real Madrid’s executives with the game plan.

Upfront Charlie and the bandits knew FIFA and UEFA had limited powers to stop the clubs as it could be construed as a violation of EU competition law.

Why have some big European clubs join the supposed European Super League 

Real Madrid- Florentino Perez loves the idea

Florentino Perez (Real Madrid President) loves the idea of an independent league. His eyes flash up Euro signs.

Key Capital Partners- a Madrid based boutique investment bank- gets involved in structuring and drafting the initial term sheet.

Now Perez has to assemble the team of Capitalism Avengers- which is a remarkably easy sell. Game plan is to plug in the wildly successful, commercial model of US sports into European football.

“First you get the money, then you get the power, then you get the woman”- Tony Montana.

Manchester United – easy sell

Malcolm Glazer bought the Tampa Bay Buccaneers in 1995 for $192m; today the team is worth more over $1bn.

The Glazers go on to turn the Bucs into a money printing machine. Brady and Gronk won the last SuperBowl at the franchise.

And what do you think of Ed Woodward (Manchester United’s President)? A man admired by the Glazer and a Glazer’s golden boy in the first instance. Boom the deal is in-Manchester United is in.

Conclusion: The American money minded business spirit

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Arsenal – easy sell

Stan Kroenke owns the LA Rams and the Denver Nuggets. He moved the Rams back to LA and proceeded to build the SoFi stadium which costs over $5bn.

Stan is married to Ann Walton (the Walton family). Solid reminder to marry people in your tax bracket.

Conclusion: The American money minded business spirit in a relationship.

Tottenham Hotspur – easy sell

Joe Lewis (ENIC group) is the OG forex trader. He tag teamed with Soros to break the pound in the early 90s. His personal art collection is over $1bn.

Daniel Levy (Chairman) locked in a NFL stadium deal with Spurs. The Falcons are expected to play in October

Conclusion: The American money minded business spirit

WATCH THE COMPLETE SUPER LEAGUE STORY HERE

Liverpool – easy sell

John Henry is an OG trader. Made racks in the 1980s from his trading firm J.W Henry and Co.

Bought the Boston Red Sox in 2002 for $380m and delivered a World Series win after 86 years.

Fenway Sports owns New England Sports Network and Nascar’s Roush Fenway Racing.

Conclusion: The American money minded business spirit

Chelsea – easy sell

Few people have thrown as much money into European football than Roman Abramovich. COVID has also hit Abramovich’s personal fortune hard – he’s down £2.4bn.

Committing to the Super League comes at the right time to balance the books.

Manchester City – easy sell

The template for global domination in football. The City Football Group is carving out an empire. More importantly, they want an empire they can control.

What about the Spanish and Italian teams?

If you thought your personal financial situation was dire – wait until you see their books. Government intervention, corruption scandals and fiscal mismanagement have left clubs starved for capital. They’re barely surviving.

What about PSG?

PSG is owned by Qatar With the World Cup coming up, they would be apprehensive of damaging their relationship with FIFA.

They also have a stake in BEIN Sports and paid ALOT of cash to broadcast Champions League fixtures. Nasser El Khelaifi is playing the patient dog.

JP Morgan is funding the set up of the Super League with roughly $6bn. It’s common for investment banks to fund projects through a combination of term debt, acquisition finance and working capital facilities. This is cash available to use and not always cash actually spent.

Broadcast revenue dominates modern football

Owning broadcast rights is the holy grail. Even more lucrative. contracts are typically tiered for different levels of access. This is why it’s difficult to have rights to every single EPL game. A €3.5bn sign-on bonus can stretch far.

Big Sport is an asset class. The likes of CVC Capital has signaled a strong push into private equity in rugby. Roc Nation is aggressively signing top talent.

Over 50% of the owners of EPL clubs are corporate investors, private equity firms and hedge funds.

Big Sport = Big Money

Cartels have existed long before the Super League – OPEC has been controlling oil prices for years. Cartels are sparked as a response to sluggish monopolies, complacency and rudderless leadership. FIFA is guilty on all three accounts.

The Super League is winning over club owners through incentives. FIFA/ UEFA will likely respond through punishment – sanctions and penalties.

International trade and foreign policy has proven time and again, utilizing punishments when you aren’t in full control is a losing strategy.

In the late 70s, Kerry Packer formed a renegade cricket league to circumvent broadcast rules at the time. The league didn’t last long but it sparked innovation in cricket.

More importantly, the dislocation was the much needed jolt to align incentives across everyone.

The Super League is the culmination of years of mind blowing transfer fees, introducing owners with no club allegiance & an obsession with commercial deals.

You have got to wonder how long it will take for the clubs that rejected their Super League invitation to accept it eventually because they see all their sponsorships disappearing into thin air. Once the stakeholders come knocking.

At the end of the day this whole saga is about billionaires being upset at other billionaires for wanting more billions. The fans are just a number on a spreadsheet used to convince big sponsors. Unless you support your local 5-a-side, you are nothing more than that to them.

All the ‘Super League’ motivation is explicable through this prism. These clubs are catering for their markets outside Europe. Those followings dwarf match-going fans. These club’s main markets could not care less about tradition, history, domestic leagues or anything else.

Football success has always been largely defined by wealth and soft power. But it has never been as ethically and morally bankrupt as it currently is. Football has lost control of itself because there is too much money, too many egos and not enough regulation. Football heritage doesn’t have a price. It’s a religion.

This is a RESET!

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