UEFA is in talks with Centricus Asset Management to finance a € 6 billion renewal of the Champions League to stop plans for the erupting Super League in their tracks.
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Centricus is a global securities company that has ended up in London, which has previously been involved in several projects with FIFA and also had talks to invest in FC Basel.
Break | UEFA is in talks with an investment fund to create a new Champions League that would have a budget of 4.5 billion euros, which could rise to 7 billion euros, according to RMC & Bloomberg.
– Get French football news (@GFFN) April 20, 2021
According to Bloomberg, their latest move may be to fund a Champions League review. UEFA has already announced plans for changes to the competition starting in 2024, although this is in danger after 12 elite clubs presented their erupting midweek competition on Sunday.
The so-called Super League is funded by the American banking giant JP Morgan in the amount of £ 4.3 billion, and each club will receive hundreds of millions of pounds before the end of this season simply to register. But even this is threatened after Chelsea and Man City made plans to withdraw after a huge backlash against the proposals.
To help keep the other rebels on the sidelines, UEFA is said to be negotiating with Centricus to create a more lucrative Champions League setting. The original figure mentioned several months ago was around 4.2 billion pounds. However, this is likely to be raised to £ 6 billion to blow the Super League out of the water.
Bayern are the current holders of the Champions League | Pool / Getty Images
With that said, it is worth noting that the talks are still ongoing. A confidential source with knowledge of the complex situation admitted that it was far from certain that an agreement would be reached.
The news is the latest twist in the biggest European football history in many years. Since the 12 breakaway clubs made the announcement, their plans have been criticized around the game by players, managers and fans alike.
UEFA, FIFA and the various domestic leagues that the clubs have left in the turn are also fumbling, with teams being kicked out of these competitions not excluded.
