The Daily Telegraph - Business
Premier League rebels’ fine agreed
The Premier League will announce this week that it has reached agreement on a fine running into the millions for the six rebel clubs who conspired to join the European Super League – the breakaway that endured a short existence in April.
The size of the fine is expected to be significant and all six – Manchester City, Manchester United, Liverpool, Chelsea, Tottenham Hotspur and Arsenal – will express contrition for their part in the failed coup. In addition to apologising publicly in a statement to be released by the league, the clubs involved will admit that their participation was a mistake and pledge never to join an unsanctioned competition again.
The Premier League has drafted regulations that will impose huge sanctions on any club attempting to join a breakaway in the future. Instead of a disciplinary process, the clubs and league have agreed on a compensation process that has seen them arrive at appropriate damages payments.
Nine of the 12 rebel clubs, including the six from England, have already reached agreement with Uefa on the fines – about £7million each. Real Madrid, Barcelona and Juventus remain in defiance.