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UEFA Weighs $7 Billion Centricus Deal to Stop Super League
Bloomberg 4 hrs ago Dinesh Nair and Daniele Lepido
(Bloomberg) UEFA is in discussions with Centricus Asset Management over a 6 billion-euro ($7.2 billion) financing package to overhaul its flagship soccer tournament and stop plans for a new breakaway Super League, according to people familiar with the matter.
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The Switzerland-based sporting body is working with Centricus on a plan to fund a new-look UEFA Champions League tournament, the people said, asking not to be identified discussing confidential information.
Negotiations are ongoing and there’s no certainty UEFA and London-based Centricus will reach an agreement, according to the people. A representative for Centricus declined to comment, while a spokesperson for UEFA didn’t immediately respond to a request for comment.
The Switzerland-based sporting body is working with Centricus on a plan to fund a new-look UEFA Champions League tournament, the people said, asking not to be identified discussing confidential information.
Negotiations are ongoing and there’s no certainty UEFA and London-based Centricus will reach an agreement, according to the people. A representative for Centricus declined to comment, while a spokesperson for UEFA didn’t immediately respond to a request for comment.
It comes as UEFA prepares to battle with a new Super League that could mark the biggest upheaval of European soccer since the 1950s and end the Champions League’s decades-long reign as the world’s premier club contest.
UEFA discussing $7 2bn deal with Centricus to halt Super League
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