Show an ad over header. AMP

I am the FIRST

Super League faces collapse after all 6 English soccer teams quit elite contest

The European Super League announced in a statement Tuesday night it's considering its future and "proposing a new competition" after all six English clubs pulled out of the breakaway tournament.

Why it matters: The announcement that12 of soccer's richest clubs' from England, Spain and Italy would start a new league was met with backlash from fans, soccer stars and politicians. The British government had threatened to pass legislation to stop it from going ahead.

  • It would have meant a huge restructuring of the sport and its finances, and the biggest overhaul of European soccer's elite since the 1950s — triggering concerns the league would devaste less wealthy teams.

Driving the news: Arsenal, Chelsea, Liverpool, Manchester City, Manchester United and Tottenham Hotspur announced Tuesday they were pulling out of the Super League — two days after announcing they were joining Spain's Atlético de Madrid, Barcelona and Real Madrid and Italy's AC Milan, Inter Milan and Juventus for the contest.

  • The Madrid-based Super League said in its statement that "English clubs have been forced to leave, due to outside pressure" and the group was "reconsidering the appropriate steps, in order to reshape the project."

Go deeper: Billionaires' European Super League sparks outrage over inequality

regular 4 post ff

infinite scroll 4 pff

Sure Inc. sues rival startup Boost Insurance, alleging it's a copycat

It's every founder's worst nightmare: You take money from a venture capitalist, who then uses what he learns from due diligence and board meetings to create a competitor.

Driving the news: Sure Inc., a startup that provides the infrastructure layer between insurance companies and consumer brands, has sued Boost Insurance, a rival VC-backed startup whose founder and CEO was an early Sure investor and director.

Keep reading...Show less



Get Goodhumans in your inbox

Most Read

More Stories