https://www.ft.com/content/f00bb232-a150-4f7d-b26a-e1b62cd175c3 Twelve football clubs that have signed a binding agreement to form a new European “Super League” have been guaranteed a “welcome bonus” worth €200m-€300m each, according to people with direct knowledge of a deal that stands to reshape the world’s biggest sport. The money to launch the league will be provided by JPMorgan Chase, which has committed to underwriting a €3.25bn “infrastructure grant” that will be shared among the clubs as a “welcome bonus” on joining the competition. The US investment bank has provided a debt financing deal amortised over 23 years and secured against future broadcasting rights for the competition, said people with knowledge of the terms. The rebel clubs have agreed to pay €264m a year to pay down the debt, a figure that includes a 2-3 per cent interest rate. JPMorgan declined to comment. A person close to the Super League said the payment should not be regarded as a “welcome bonus”, but instead was an advance on future revenues that would have to be repaid if any club chose to leave the competition. The league’s 15 permanent members will jointly own a newly incorporated company in Spain, which will share all future media and sponsorship rights derived from the competition, according to people familiar with the matter. The Super League’s organisers have held early discussions with broadcasters about the competition, according to people familiar with the talks, seeking to secure deals with the likes of Amazon, Facebook, Disney and Comcast-owned Sky that would raise annual revenues worth €4bn a year. This is roughly double the amount the Champions League earns.
IF they get 4 billion euros a year, it would mean that 4 billion / 20 clubs = 200 million euros per club for TV rights.