Twelve teams have so far confirmed they will be part of the new European Super League.
Who is involved?
The "founding clubs" include AC Milan, Arsenal, Atletico de Madrid, Chelsea, FC Barcelona, ​​FC Internazionale Milano, Juventus, Liverpool, Manchester City, Manchester United, Real Madrid and Tottenham Hotspur.
Three more clubs are expected to join before the first season - and five more will qualify annually based on their performances over the past season.
No German or French clubs have signed up yet.
What is the form of competition?
If the club continues to play in their national league, Midway Fixtures will play.
Beginning in August, two groups of 10 clubs will play home and away fixtures, with the top three in each group qualifying for the quarterfinals.
The fourth- and fifth-placed teams will compete for the remaining quarter-final positions in the two-legged playoffs.
The two-legged knockout format will be used to reach the finals in late May, which will be a fixture in the neutral venue.
What about women's football?
The league said that in order to "advance and develop the women's sport", "practically a women's tournament will be launched after the start of the men's competition".
Why now
The Super League said the Coronavirus epidemic had "intensified instability in the current European football economic model", indicating a "sustainable trade approach" to support the "European football pyramids''. Need
He said: "In recent months, there has been a wide-ranging dialogue with football stakeholders on the future shape of European competitions.
"The founding clubs believe that the solutions proposed after these talks do not address the fundamental issues, including the need to provide high-quality matches and additional financial resources for the overall football pyramid."
What's in it for the clubs?
The league said in a statement on Sunday night that the new tournament would provide "significant economic growth and support" to European football.
This will include non-contractual "solidarity payments", which will be "significantly higher" than the current European competition and will be in line with the league's earnings.
The exact amount was not specified, but the league said it was expected to "exceed 10 10 billion (8. 8.6 billion)" during the "initial covenant period."
The league has also pledged an additional 3.5 billion (3 billion) to the founding clubs "to support their infrastructure investment plans and eliminate the effects of the epidemic."
Many football clubs have suffered significant revenue losses while the current game has been suspended or limited due to epidemics.
The Super League hopes to generate bn 4bn (bn 3.5bn) a year from broadcasters, with the founding clubs taking the biggest chunk.
This compares to UEFA's total trade revenue of € 3.25bn (8 2.8bn) for each of the last three seasons from the sale of Champions League, Europa League and UEFA Super Cup rights.
What have football bodies said?
On Sunday night, FIFA said: "Every football match, national, regional or global, must always reflect the basic principles of solidarity, inclusion, integrity and equal financial distribution.
"Furthermore, the governing bodies of football should use all legal, sports and diplomatic means to ensure that this situation persists."
The English FA said the move would be "detrimental to English and European football at all levels" and would "attack the principles of open competition and sports merit that are fundamental to competitive sports".
It added: "We will not allow any competition that is detrimental to English football, and will take any legal and / or formal action necessary to protect the wider interests of the game."
UEFA said: "We will consider all measures available to us at both the judicial and sporting levels to prevent this from happening. Football is based on open competition and sportsmanship. This cannot be the other way around.
"As FIFA and the six federations have previously announced, the clubs concerned will be banned from playing in any other domestic, European or international competition and their players will be denied the opportunity to represent their national teams. can go.
"We thank the clubs in other countries, especially the French and German clubs, for refusing to sign. We urge all football fans, supporters and politicians that if Join us in the fight against such a plan. Let it be announced. This permanent interest of some people has been going on for a long time. That is enough. "
The Premier League said: "Fans of any club in England and across Europe can currently dream that their team can climb to the top and play against the best. We believe that the concept of the European Super League will end the dream. "
So why the criticism?
Prime Minister Boris Johnson said the new league would "strike at the heart of the domestic game, and alarm fans across the country" - but why?
Critics say the league is dominated by top-ranked clubs and that closed competition is the key to ensuring maximum funding for them.
Fans are angry that the competition will lose the splendor of other football leagues and as a result, the game will lose its excitement.
With only a few places available each year for teams outside the main group, it is feared that the competition will be largely closed, leaving a special, elite and untouchable group of clubs.
Sir Carestarmer, a labor leader and arms fan, said: "The proposal risks closing fans' doors for good, reducing them to spectators and consumers alike."
The leader of the Liberal Democrats, Sir Ed Dewey, said: "It is greed that has torn the heart out of the English game, and the club has had to suffer the country after a terrible year."
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