Tag: finance capital

The Super League, finance capital and the 2nd imperialist conflict between Europe and the US over the soccer market

20 April, 2021 · Sports

Florentino Pérez, President of the Super League
Florentino Pérez, President of the Super League

Yesterday, 12 major soccer clubs released a statement announcing the Super League, a new European club competition backed by JP Morgan. The Super League would likely kill UEFA’s European competitions, depriving FIFA’s European structure of a good chunk of revenue. Boris Johnson, Emmanuel Macron and even the European Commission immediately took a stand against it. Meanwhile, the clubs involved – and some candidates to participate, such as Borussia Dortmund – soared on the stock market. Underneath the battle for the Super League lie deep-rooted contradictions between states and financial capital.