Twelve of Europe’s leading football clubs have announced they have agreed to establish a new midweek competition, the European Super League, governed by its ‘Founding Clubs’.

The proposal involves the clubs forming their own competition to rival the UEFA Champions League.

The [English] Premier League’s big-six clubs – Manchester United, Manchester City, Liverpool, Arsenal, Chelsea and Tottenham – are all involved.

AC Milan, Arsenal, Atletico Madrid, Chelsea, Barcelona, Inter Milan, Juventus, Liverpool, Manchester City, Manchester United, Real Madrid and Tottenham Hotspur have all joined as ‘Founding Clubs’.

It is anticipated a further three clubs will join ahead of the inaugural season, which, according to the clubs, ‘is intended to commence as soon as practicable’.