The creation of a European Super League took a step closer to reality on Sunday as 12 leading clubs agreed to plans for a new competition.
It was announced on Sunday that 12 of Europe's leading football clubs have agreed to establish a new midweek competition to rival the Champions League
Six English clubs, three Italian sides and three Spanish teams have joined forces to create the tournament, despite significant opposition from UEFA and the respective leagues.
A statement released on Sunday read: "AC Milan, Arsenal FC, Atletico de Madrid, Chelsea FC, FC Barcelona, FC Internazionale Milano, Juventus FC, Liverpool FC, Manchester City, Manchester United, Real Madrid CF and Tottenham Hotspur have all joined as Founding Clubs.
"It is anticipated that a further three clubs will join ahead of the inaugural season, which is intended to commence as soon as practicable.
"Going forward, the Founding Clubs look forward to holding discussions with UEFA and FIFA to work together in partnership to deliver the best outcomes for the new League and for football as a whole."
It has also suggested PSG refused an invitation to the new competition, while one of the counter-threats supposedly put forward by UEFA was said to be the exclusion of the 12 teams from its competitions.
The news of this move by some of Europe's biggest clubs comes just before UEFA is set to confirm its intentions to alter the format of the Champions League.
According to reports in The Daily Mail, the Super League is being financed by United States-based investment bank JP Morgan.
The Mail also claim Madrid president Florentino Perez will likely act as chairman of the competition, with the American owners of Liverpool, Manchester United and Arsenal – John W Henry, Joel Glazer and Stan Kroenke – acting as vice-chairmen. Juve chief Andrea Agnelli is to act as the fourth vice-chairman.