I smell the beginnings of a footballing civil war. The European League will happen, spurred on by UEFA and those clubs who advocate the FFP. Let them have it. Hopefully, another, fairer and fully representative governing body will be formed and the rest of Europe's clubs will join that, resulting in two bodies: One MLS-type, which will, after a massive initial sponsorship boost, slowly decline due to lack of supporter interest, and one which will be like the old UEFA, treating every country fairly, respecting fans and we'll see great old names having a crack at winning competitions again.
I so hope the EU tells Platini, Gill and Rummenigge, et al where to go. However, if those clubs really want their super league, they'll get it and shit on the rest of us in the process.