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Champions League faces future rival as Saudi Arabia look to transform Club World Cup
Champions League faces future rival as Saudi Arabia look to transform Club World Cup
As Newcastle United prepare for their first Champions League home match in over 20 years, their owners have far bigger plans, that could well supersede Europe’s premier competition for decades. The Public Investment Fund and wider Saudi Pro League are targeting Fifa’s first expanded 32-team Club World Cup, to take place in the USA in 2025, to make a major statement of their football power. Such ambitions would also have the added effect of amplifying the prestige of the revised tournament, especially if the Saudi Pro League’s teams at that point feature an even greater proportion of the world’s best players, so as to make it a rival to the Champions League The next phase of a plan that is both a sporting project and a sportswashing project comes as Uefa have made it clear that Saudi Arabian clubs will not be allowed cross confederations to enter their competitions. Internal and informal discussions about the issue involved arguments over whether allowing such a transcontinental switch would facilitate some form of cost control given the disruptive nature of Saudi spending in the last window, but it was ultimately felt this would be an integration similar to LIV Golf. Uefa would also lose the unique leverage that comes with the Champions League. The ambition from Saudi Pro League clubs and the Public Investment Fund - who own four clubs in the competition - is instead to aim for the Club World Cup and help improve its prestige, as that could ensure a glamorous alternative to the Champions League that eventually supersedes it. While many might sniff at that, the argument is that attitudes will change if it features many of the best players in the world. The circumstances have been further conditioned by tension between Uefa and Fifa over a range of issues, but the riches of the club game have proved a core subject. Fifa president Gianni Infantino has long wanted a competition to rival the Champions League, but one that he feels should benefit the wider football world too. An issue is that any expanded Club World Cup would initially need the major European names to make it lucrative, which is why there had previously been talk of £80m offers to the biggest clubs to participate when the idea was first broached before the Covid crisis interrupted the game. Fifa’s plans at that point had been to fund the Club World Cup with Softbank, whose largest investors for the Vision Fund are the Public Investment Fund, the 80 per cent owners of Newcastle United. Such reports brought fury from many stakeholders, because of the argument that figures of that scale would wreak havoc on the competitive balance within domestic competitions. If Boca Juniors and River Plate got huge money for one edition, as an example, it could ensure no one in Argentina is able to financially match them for a decade. Fifa would argue financial mechanisms still need to be resolved, and that this serves to spread the wealth of the game beyond western Europe. That plan was ultimately shelved as the game came together amid Covid, but has since been revised for the 2025 competition. That Club World Cup in effect replaces the Confederations Cup as preparation for the 2026 World Cup in the USA, but with the aim of making it a valued tournament in its own right. That is why the Saudi Pro League’s financial power could be so key to the project. While some former players within Uefa do back the project for reasons of football purism, there is concern that it could be an “Indian Premier League or Kerry Packer-style” disruption with huge impact. Whatever the outcome, Saudi ambition could give both the country’s clubs and Fifa the glamour for the Club World Cup that both want. It could have huge repercussions for the Champions League, without letting Saudi Pro League clubs in. Read More The Premier League now faces a credibility ‘crisis’ – and latest VAR farce is just the tip Sir Jim Ratcliffe reportedly considering minority stake bid for Manchester United Frank Lampard explains why he is ‘not surprised’ by Chelsea’s struggles PGA Tour have received interest from investors other than LIV Golf Chelsea finally catch a break as Mykhailo Mudryk gets his moment Mauricio Pochettino vows to continue to show belief in Chelsea’s young stars
1970-01-01 08:00
AstraZeneca to pay $425 million to settle Nexium, Prilosec litigation in US
AstraZeneca to pay $425 million to settle Nexium, Prilosec litigation in US
British drugmaker AstraZeneca on Tuesday said it will pay $425 million to settle product liability litigations related to
1970-01-01 08:00
Rouble recovers slightly after slide past 100 vs dollar
Rouble recovers slightly after slide past 100 vs dollar
(Reuters) -The Russian rouble weakened past the symbolic threshold of 100 to the dollar before recovering slightly in early trade
1970-01-01 08:00
Football rumours: Arsenal among several clubs interested in Wolves’ Pedro Neto
Football rumours: Arsenal among several clubs interested in Wolves’ Pedro Neto
What the papers say Arsenal are reportedly lining up Wolves winger Pedro Neto for a summer transfer. According to the Daily Mirror, the Gunners considered launching a bid for the 23-year-old in 2022 but nothing materialised. The club are believed to have maintained their interest however, and join Liverpool, Aston Villa and Atletico Madrid in keeping tabs on the Portugal international. Staying with Arsenal, the Daily Mail says negotiations have begun over a new contract for defender Ben White. The development comes despite the 25-year-old England international having three years left on his £120,000-a-week deal. And The Sun says Manchester United have sent a scout to monitor 22-year-old Sporting Lisbon defender Goncalo Inacio, with a view to a potential January deal. Social media round-up Players to watch Bryan Cristante: Calciomercato reports Saudi Pro League club Al Nassr are set to make a move for the Roma midfielder. Lucas Beraldo: Liverpool are keen on the 19-year-old Sao Paulo centre-back, according to website 90mins. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live
1970-01-01 08:00
'The Voice' Season 24: Who is Rudi Aliza Gutierrez? Bachelor Nation singer strives for victory after being 'blindsided'
'The Voice' Season 24: Who is Rudi Aliza Gutierrez? Bachelor Nation singer strives for victory after being 'blindsided'
'The Voice' Season 24 singer Rudi Aliza Gutierrez matched with Matt Ranaudo in 'The Bachelor Presents: Listen to Your Heart'
1970-01-01 08:00
NewsClick: Delhi police raid homes of prominent journalists
NewsClick: Delhi police raid homes of prominent journalists
The homes of several journalists who work with NewsClick website have been searched.
1970-01-01 08:00
There’s an Easy Way to Find Safe Drinking Water Wherever You Travel
There’s an Easy Way to Find Safe Drinking Water Wherever You Travel
At Bloomberg Pursuits, we love to travel. And we always want to make sure we’re doing it right.
1970-01-01 08:00
Typhoon Koinu on Track to Hit Taiwan, Approach Hong Kong
Typhoon Koinu on Track to Hit Taiwan, Approach Hong Kong
Severe Typhoon Koinu will pass over the southern tip of Taiwan in coming days before heading toward Hong
1970-01-01 08:00
Kishida Says Japan Pensions With $600 Billion Sign ESG Pact
Kishida Says Japan Pensions With $600 Billion Sign ESG Pact
Japanese pension funds managing 90 trillion yen ($600 billion) will join a global initiative for responsible investment, Prime
1970-01-01 08:00
Dozens of Greenland’s Indigenous women seek compensation over forced birth control
Dozens of Greenland’s Indigenous women seek compensation over forced birth control
A group of women in Greenland are seeking compensation from the Danish government over an involuntary birth control campaign that was launched in the 1960s. At least 4,500 women, including teenagers, were fitted with intrauterine devices between 1966 and 1970s without their consent, under a programme aimed at curbing the Indigenous Inuit population. An official investigation by the governments of Greenland and its former colonial ruler Denmark are due in May 2025. But the group of 67 women were asking for compensation now as most women were in their 70s and 80s. The women are seeking 300,000 Danish Krone (£34,878) each, according to their lawyer Mads Pramming. "We don't want to wait for the results of the enquiry," psychologist Naja Lyberth, one of the women seeking compensation, told AFP. "We are getting older, the oldest of us, who had IUDs inserted in the 1960s, were born in the 1940s and are approaching 80," she said. Ms Lyberth was the first woman to reportedly break her silence six years ago to say that she was a teenager when she was fitted with a coil during a school medical examination without her knowledge or consent. “Our lawyers are very sure that our human rights and the law was broken,” she said, according to The Guardian. Ms Lyberth said she went on to have a child but other women were unable to conceive. “It was the same as sterilising the girls from the beginning.” She added that in some cases the devices were too big for the girls' bodies and caused serious health complications that left them with internal bleeding and abdominal infections. Some, she said, had to have their uterus removed or completely lost the ability to have children. According to reports, these women were unaware of the devices until they were discovered by gynecologists, some until recently. The scandal came to light when Danish broadcaster DR reported last year that records showed that 4,500 intrauterine devices were fitted into women and girls as young as 13, without their knowledge or consent. The Danish and Greenland governments commissioned a team of researchers to uncover the extent of the cases and the decision-making process that led to the campaign in the years between 1960 and 1991, when Greenland gained authority over its healthcare system. The claim was sent to prime minister Mette Frederiksen's office on behalf of the plaintiffs on Monday, the lawyer said. Ms Lyberth said they would take the matter to court if the Danish government refuses to accept the compensation request. Greenland was a Danish colony until 1953 but is now a semi-sovereign territory of Denmark, with a population of just 57,000. Allegations of misconduct by Danish authorities against the people of its former colony have emerged in recent years. Copenhagen publicly apologised last year to the victims of a 1950s experiment in which children from Greenland were taken to Denmark. Read More Vasectomy and British men in their twenties: ‘Young, none and done’ Why are millennials like me so stressed about having children? India’s healthcare workers struggle to promote birth control in rural districts with booming fertility rates How climate change could affect where and when people travel Musk mocked by Ukraine’s parliament over tweet taunting Zelensky Ukraine to build its first underground school in Kharkiv, official says
1970-01-01 08:00
Tycoon Agarwal’s Plan to Overhaul Vedanta Gets Cautious Shareholder Welcome
Tycoon Agarwal’s Plan to Overhaul Vedanta Gets Cautious Shareholder Welcome
Shares in Anil Agarwal’s Vedanta Ltd. rose Tuesday, the first trading day after the Indian tycoon announced an
1970-01-01 08:00
Dollar hits new high on upbeat data, yen teeters near 150
Dollar hits new high on upbeat data, yen teeters near 150
By Brigid Riley TOKYO The dollar reached fresh 11-month highs on Tuesday, pushing the yen down closer to
1970-01-01 08:00
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