London Daily

Focus on the big picture.
Saturday, Nov 29, 2025

Why Super League plan makes financial sense for top clubs

Why Super League plan makes financial sense for top clubs

Sports fans love a bit of jeopardy - a nail biting contest which can end in glory or defeat. But business owners generally hate all of that.

Owners and business managers of football clubs have a peculiar problem.

As one former chief executive of a Premier League club told me: "I won't know till the last day of the season if my budget for next year is going to be £170m or £70m."

That is not only almost impossible to manage, it has another very important consequence. Businesses with steady revenues are worth a lot more than ones with erratic earnings.

In business terms it's known as getting a higher "multiple" - volatile businesses are worth as little as five times average annual earnings, whereas steady ones are worth up to 20 times or more.

Giants v minnows


This is what the European Super League is all about - making the clubs involved worth more by eliminating the jeopardy of being relegated or missing out on Champions League qualification.


This is the moment many football team owners have been waiting for - particularly the American owners of Liverpool, Manchester United and Arsenal - who know for themselves how much more stable and therefore valuable are the earnings of American sports teams.

The backers of the Super League say that the existing Champions League was a poor product - too many meaningless one sided games between minnows and giants of European football before it got interesting.

They also argue that a more stable financial top to the football pyramid is needed to ensure the cascade or trickle down to the smaller clubs that they promise will increase as a result of this.

But many sports fans would argue the prospect of a romantic giant killing in Real Madrid's Bernabeau stadium or Old Trafford is an essential part of the game - while regular meetings between the great clubs normalise and make humdrum what was once an exotic and rare event.

The backers have told the BBC this is not another extreme form of negotiation to make Uefa cave to the big clubs' long-standing demands for more control of the world's most prestigious club event - "this is really happening, it's on, even if Uefa backs down".


If it does it will have far reaching implications for the existing leagues around Europe.

Finishing in the top four of the Premier League is the biggest prize in English football. The six teams joining the Super League have realised that six doesn't go into four - two miss out every year.

'Cynical'


Not any more. An insider at the Super League admitted that the plan will seriously dilute the value of the Premier League as a product - the race which is one of its key attractions will be meaningless.

We have been down this road before and the former Premier League chief executive suggested that the pandemic had provided a window of opportunity for a very radical proposal that would not have a chance of succeeding in normal times.


"There is a cynical opportunism to this," he said. "They realise that things are chaotic right now and that in many ways - anything goes."

But he added: "Football is about two groups of people. Players and fans. You upset them at your peril.

"If fans decide to boycott the matches, that will be a financial disaster, and if Fifa threatens to ban participating players from representing their country in the World Cup - they won't go for it."

If you like jeopardy, the stakes don't get much higher than this.

Newsletter

Related Articles

0:00
0:00
Close
250 Still Missing in the Massive Fire, 94 Killed. One Day After the Disaster: Survivor Rescued on the 16th Floor
Trump: National Guard Soldier Who Was Shot in Washington Has Died; Second Soldier Fighting for His Life
UK Chancellor Reeves Defends Tax Rises as Essential to Reduce Child Poverty and Stabilise Public Finances
No Evidence Found for Claim That UK Schools Are Shifting to Teaching American English
European Powers Urge Israel to Halt West Bank Settler Violence Amid Surge in Attacks
"I Would Have Given Her a Kidney": She Lent Bezos’s Ex-Wife $1,000 — and Received Millions in Return
European States Approve First-ever Military-Grade Surveillance Network via ESA
UK to Slash Key Pension Tax Perk, Targeting High Earners Under New Budget
UK Government Announces £150 Annual Cut to Household Energy Bills Through Levy Reforms
UK Court Hears Challenge to Ban on Palestine Action as Critics Decry Heavy-Handed Measures
Investors Rush Into UK Gilts and Sterling After Budget Eases Fiscal Concerns
UK to Raise Online Betting Taxes by £1.1 Billion Under New Budget — Firms Warn of Fallout
Lamine Yamal? The ‘Heir to Messi’ Lost to Barcelona — and the Kingdom Is in a Frenzy
Warner Music Group Drops Suit Against Suno, Launches Licensed AI-Music Deal
HP to Cut up to 6,000 Jobs Globally as It Ramps Up AI Integration
MediaWorld Sold iPad Air for €15 — Then Asked Customers to Return Them or Pay More
UK Prime Minister Sir Keir Starmer Promises ‘Full-Time’ Education for All Children as School Attendance Slips
UK Extends Sugar Tax to Sweetened Milkshakes and Lattes in 2028 Health Push
UK Government Backs £49 Billion Plan for Heathrow Third Runway and Expansion
UK Gambling Firms Report £1bn Surge in Annual Profits as Pressure Mounts for Higher Betting Taxes
UK Shares Advance Ahead of Budget as Financials and Consumer Staples Lead Gains
Domino’s UK CEO Andrew Rennie Steps Down Amid Strategic Reset
UK Economy Stalls as Reeves Faces First Budget Test
UK Economy’s Weak Start Adds Pressure on Prime Minister Starmer
UK Government Acknowledges Billionaire Exodus Amid Tax Rise Concerns
UK Budget 2025: Markets Brace as Chancellor Faces Fiscal Tightrope
UK Unveils Strategic Plan to Secure Critical Mineral Supply Chains
UK Taskforce Calls for Radical Reset of Nuclear Regulation to Cut Costs and Accelerate Build
UK Government Launches Consultation on Major Overhaul of Settlement Rules
Google Struggles to Meet AI Demand as Infrastructure, Energy and Supply-Chain Gaps Deepen
Car Parts Leader Warns Europe Faces Heavy Job Losses in ‘Darwinian’ Auto Shake-Out
Arsenal Move Six Points Clear After Eze’s Historic Hat-Trick in Derby Rout
Wealthy New Yorkers Weigh Second Homes as the ‘Mamdani Effect’ Ripples Through Luxury Markets
Families Accuse OpenAI of Enabling ‘AI-Driven Delusions’ After Multiple Suicides
UK Unveils Critical-Minerals Strategy to Break China Supply-Chain Grip
Taylor Swift’s “The Fate of Ophelia” Extends U.K. No. 1 Run to Five Weeks
UK VPN Sign-Ups Surge by Over 1,400 % as Age-Verification Law Takes Effect
Former MEP Nathan Gill Jailed for Over Ten Years After Taking Pro-Russia Bribes
Majority of UK Entrepreneurs Regard Government as ‘Anti-Business’, Survey Shows
UK’s Starmer and US President Trump Align as Geneva Talks Probe Ukraine Peace Plan
UK Prime Minister Signals Former Prince Andrew Should Testify to US Epstein Inquiry
Royal Navy Deploys HMS Severn to Shadow Russian Corvette and Tanker Off UK Coast
China’s Wedding Boom: Nightclubs, Mountains and a Demographic Reset
Fugees Founding Member Pras Michel Sentenced to 14 Years in High-Profile US Foreign Influence Case
WhatsApp’s Unexpected Rise Reshapes American Messaging Habits
United States: Judge Dressed Up as Elvis During Hearings – and Was Forced to Resign
Johnson Blasts ‘Incoherent’ Covid Inquiry Findings Amid Report’s Harsh Critique of His Government
Lord Rothermere Secures £500 Million Deal to Acquire Telegraph Titles
Maduro Tightens Security Measures as U.S. Strike Threat Intensifies
U.S. Envoys Deliver Ultimatum to Ukraine: Sign Peace Deal by Thursday or Risk Losing American Support
×