The new league represents the American takeover of elite European football, which will become a closed shop run by its founder members. It is bankrolled by US banking giant JP Morgan and is the brainchild of Real Madrid president Florentino Perez and the American owners of three leading English clubs.
It is believed Perez will hold the chairman's role in the new league's structure, with Liverpool's John W. Henry, Joel Glazer of Manchester United and Arsenal owner Stan Kroenke as vice-chairmen.
We are royally fucked then!