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European game is not sustainable, says Super League backer

European game is not sustainable, says Super League backer

Bernd Reichart, the CEO of the company that is backing the proposed Super League, said on Wednesday that European football is losing its top position in international sports and that clubs aren't fully utilizing their potential under existing rules.Reichart mentioned a report released in May by the data analysis platform Football Benchmark, which said only five of Europe's top 32 clubs made profits in the 2019-20 and the 2020-21 seasons.

Real Madrid, Barcelona and Juventus were among the 12 clubs that announced the separate Super League in April, 2021. However, after a hostile reaction from all sides of the game , as well as from both governments and fans, the plan was quickly dissolved.Six English clubs as well as Inter Milan, AC Milan and Atletico Madrid resigned, but Real Madrid, Barcelona and Juventus continue to promote the idea.

European soccer has lost its leadership position in international sport, and the clubs are not taking advantage of their options,Reichart, who was named A22 Sports Management CEO on Tuesday in a statement to Reuters.He said to online sports betting malaysia.

The system has become extremely unstable, and it's not self-sustaining now. I believe the clubs ought to be in a position to determine their future, since they are also the ones who bear of the (financial) danger. Many clubs are in agreement that "it can't continue as it is.One of the aspects of the original Super League proposition which angered supporters was the fact that it was a closed-off competition for the elite clubs of Europe however Reichart declared that this was not the case anymore.

We aren't going to abandon anyone behind. In our new system, there will be promotions and demotion,Reichart said.U.S. investment bank JP Morgan was scheduled to fund the Super League in 2021 but Reichart declared that it will be "starting from the beginning.Reichart wrote an email to UEFA president Aleksander Ceferin seeking a meeting for discussion of issues related with the Super League, according to the letter, which was that was obtained by Reuters.

UEFA announced that it would be looking into the request to meet.We can confirm receipt of the letter of A22 adressing the UEFA President.UEFA said in an announcement to Reuters.UEFA is always open to dialogue constructive and, consequently, will be able to consider the possibility of an event in the near future.