Latest news with #Nasseral-Khelaifi
San Francisco Chronicle
12-05-2025
- Business
- San Francisco Chronicle
Soccer clubs group asks UEFA for 5% of European competition money to reward nurturing players
GENEVA (AP) — A proposal to share hundreds of millions of euros in UEFA prize money along low-ranked soccer clubs that developed future star players was made Monday by a European group representing them. The Union of European Clubs wants to help close the growing wealth gap in soccer if UEFA would allocate at least 5% of broadcast and commercial revenue from the Champions League and other competitions to clubs that did not take part yet had nurtured those players early in their careers. Gross revenue this season for the Champions League, Europa League and Conference League is at least 4.4 billion euros ($4.88 billion) and 5% would be 220 million euros ($244 million). The idea is 'a pragmatic, merit-based approach to restoring fairness and balance in the football ecosystem,' said the 140-member group, which estimated its idea could have earned at least 400,000 euros ($444,000) to each of 400 clubs across Europe in recent years. The UEC said 'the core principle is clear — clubs that invest in player development should be fairly rewarded when those players contribute to the success of European competitions.' It is unclear why UEFA and the influential European Club Association — which has a key say over commercial and sporting decisions in the Champions League — would agree to a proposal from a non-recognized group effectively taking money from its members. The ECA, led by Paris Saint-Germain president Nasser al-Khelaifi, has a working agreement with UEFA that recognizes the group 'as the sole body representing the interests of European clubs at European and global level.' UEFA and the ECA, both based in Nyon, Switzerland, were approached for comment. The UEC was formally launched in 2023 by officials who saw the ECA as too focused on representing a storied and wealthy group of elite clubs. Before al-Khelaifi, the ECA had been led since 2008 by Bayern Munich's Karl-Heinz Rummenigge and Andrea Agnelli from Juventus, who used the platform to launch the failed Super League project in 2021. Current UEC members include Belgian league leader Union Saint-Gilloise, which is on track to play in the Champions League for the first time, and Burnley, which returns to the English Premier League next season. Its proposal, called the Player Development Reward, was shared with European Union officials in Brussels, the UEC said in a statement. The formula to calculate payments, the UEC said would be 'based on the minutes played in UEFA competitions and prize money earned by players they have trained and developed.' ___
Hamilton Spectator
12-05-2025
- Business
- Hamilton Spectator
Soccer clubs group asks UEFA for 5% of European competition money to reward nurturing players
GENEVA (AP) — A proposal to share hundreds of millions of euros in UEFA prize money along low-ranked soccer clubs that developed future star players was made Monday by a European group representing them. The Union of European Clubs wants to help close the growing wealth gap in soccer if UEFA would allocate at least 5% of broadcast and commercial revenue from the Champions League and other competitions to clubs that did not take part yet had nurtured those players early in their careers. Gross revenue this season for the Champions League, Europa League and Conference League is at least 4.4 billion euros ($4.88 billion) and 5% would be 220 million euros ($244 million). Only clubs which did not advance to play in the league phase of the three competitions would be eligible for payments, the UEC said in a statement . The idea is 'a pragmatic, merit-based approach to restoring fairness and balance in the football ecosystem,' said the 140-member group, which estimated its idea could have earned at least 400,000 euros ($444,000) to each of 400 clubs across Europe in recent years. The UEC said 'the core principle is clear — clubs that invest in player development should be fairly rewarded when those players contribute to the success of European competitions.' It is unclear why UEFA and the influential European Club Association — which has a key say over commercial and sporting decisions in the Champions League — would agree to a proposal from a non-recognized group effectively taking money from its members. The ECA, led by Paris Saint-Germain president Nasser al-Khelaifi, has a working agreement with UEFA that recognizes the group 'as the sole body representing the interests of European clubs at European and global level.' UEFA and the ECA, both based in Nyon, Switzerland, were approached for comment. The UEC was formally launched in 2023 by officials who saw the ECA as too focused on representing a storied and wealthy group of elite clubs. Before al-Khelaifi, the ECA had been led since 2008 by Bayern Munich's Karl-Heinz Rummenigge and Andrea Agnelli from Juventus, who used the platform to launch the failed Super League project in 2021. Current UEC members include Belgian league leader Union Saint-Gilloise, which is on track to play in the Champions League for the first time, and Burnley, which returns to the English Premier League next season. Its proposal, called the Player Development Reward, was shared with European Union officials in Brussels, the UEC said in a statement. EU institutions such as the European Commission and the European Court of Justice in Luxembourg are increasingly seen as the most effective way to force change in how soccer is run by international bodies like FIFA and UEFA. The formula to calculate payments, the UEC said would be 'based on the minutes played in UEFA competitions and prize money earned by players they have trained and developed.' ___ AP soccer:
Fox Sports
12-05-2025
- Business
- Fox Sports
Soccer clubs group asks UEFA for 5% of European competition money to reward nurturing players
Associated Press GENEVA (AP) — A proposal to share hundreds of millions of euros in UEFA prize money along low-ranked soccer clubs that developed future star players was made Monday by a European group representing them. The Union of European Clubs wants to help close the growing wealth gap in soccer if UEFA would allocate at least 5% of broadcast and commercial revenue from the Champions League and other competitions to clubs that did not take part yet had nurtured those players early in their careers. Gross revenue this season for the Champions League, Europa League and Conference League is at least 4.4 billion euros ($4.88 billion) and 5% would be 220 million euros ($244 million). Only clubs which did not advance to play in the league phase of the three competitions would be eligible for payments, the UEC said in a statement. The idea is 'a pragmatic, merit-based approach to restoring fairness and balance in the football ecosystem,' said the 140-member group, which estimated its idea could have earned at least 400,000 euros ($444,000) to each of 400 clubs across Europe in recent years. The UEC said 'the core principle is clear — clubs that invest in player development should be fairly rewarded when those players contribute to the success of European competitions.' It is unclear why UEFA and the influential European Club Association — which has a key say over commercial and sporting decisions in the Champions League — would agree to a proposal from a non-recognized group effectively taking money from its members. The ECA, led by Paris Saint-Germain president Nasser al-Khelaifi, has a working agreement with UEFA that recognizes the group 'as the sole body representing the interests of European clubs at European and global level.' UEFA and the ECA, both based in Nyon, Switzerland, were approached for comment. The UEC was formally launched in 2023 by officials who saw the ECA as too focused on representing a storied and wealthy group of elite clubs. Before al-Khelaifi, the ECA had been led since 2008 by Bayern Munich's Karl-Heinz Rummenigge and Andrea Agnelli from Juventus, who used the platform to launch the failed Super League project in 2021. Current UEC members include Belgian league leader Union Saint-Gilloise, which is on track to play in the Champions League for the first time, and Burnley, which returns to the English Premier League next season. Its proposal, called the Player Development Reward, was shared with European Union officials in Brussels, the UEC said in a statement. EU institutions such as the European Commission and the European Court of Justice in Luxembourg are increasingly seen as the most effective way to force change in how soccer is run by international bodies like FIFA and UEFA. The formula to calculate payments, the UEC said would be 'based on the minutes played in UEFA competitions and prize money earned by players they have trained and developed.' ___ AP soccer: in this topic
Winnipeg Free Press
12-05-2025
- Business
- Winnipeg Free Press
Soccer clubs group asks UEFA for 5% of European competition money to reward nurturing players
GENEVA (AP) — A proposal to share hundreds of millions of euros in UEFA prize money along low-ranked soccer clubs that developed future star players was made Monday by a European group representing them. The Union of European Clubs wants to help close the growing wealth gap in soccer if UEFA would allocate at least 5% of broadcast and commercial revenue from the Champions League and other competitions to clubs that did not take part yet had nurtured those players early in their careers. Gross revenue this season for the Champions League, Europa League and Conference League is at least 4.4 billion euros ($4.88 billion) and 5% would be 220 million euros ($244 million). Only clubs which did not advance to play in the league phase of the three competitions would be eligible for payments, the UEC said in a statement. The idea is 'a pragmatic, merit-based approach to restoring fairness and balance in the football ecosystem,' said the 140-member group, which estimated its idea could have earned at least 400,000 euros ($444,000) to each of 400 clubs across Europe in recent years. The UEC said 'the core principle is clear — clubs that invest in player development should be fairly rewarded when those players contribute to the success of European competitions.' It is unclear why UEFA and the influential European Club Association — which has a key say over commercial and sporting decisions in the Champions League — would agree to a proposal from a non-recognized group effectively taking money from its members. The ECA, led by Paris Saint-Germain president Nasser al-Khelaifi, has a working agreement with UEFA that recognizes the group 'as the sole body representing the interests of European clubs at European and global level.' UEFA and the ECA, both based in Nyon, Switzerland, were approached for comment. The UEC was formally launched in 2023 by officials who saw the ECA as too focused on representing a storied and wealthy group of elite clubs. Before al-Khelaifi, the ECA had been led since 2008 by Bayern Munich's Karl-Heinz Rummenigge and Andrea Agnelli from Juventus, who used the platform to launch the failed Super League project in 2021. Current UEC members include Belgian league leader Union Saint-Gilloise, which is on track to play in the Champions League for the first time, and Burnley, which returns to the English Premier League next season. Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. Its proposal, called the Player Development Reward, was shared with European Union officials in Brussels, the UEC said in a statement. EU institutions such as the European Commission and the European Court of Justice in Luxembourg are increasingly seen as the most effective way to force change in how soccer is run by international bodies like FIFA and UEFA. The formula to calculate payments, the UEC said would be 'based on the minutes played in UEFA competitions and prize money earned by players they have trained and developed.' ___ AP soccer:
Hindustan Times
12-05-2025
- Business
- Hindustan Times
Soccer clubs group asks UEFA for 5% of European competition money to reward nurturing players
GENEVA — A proposal to share hundreds of millions of euros in UEFA prize money along low-ranked soccer clubs that developed future star players was made Monday by a European group representing them. The Union of European Clubs wants to help close the growing wealth gap in soccer if UEFA would allocate at least 5% of broadcast and commercial revenue from the Champions League and other competitions to clubs that did not take part yet had nurtured those players early in their careers. Gross revenue this season for the Champions League, Europa League and Conference League is at least 4.4 billion euros and 5% would be 220 million euros . Only clubs which did not advance to play in the league phase of the three competitions would be eligible for payments, the UEC said in a statement. The idea is 'a pragmatic, merit-based approach to restoring fairness and balance in the football ecosystem,' said the 140-member group, which estimated its idea could have earned at least 400,000 euros to each of 400 clubs across Europe in recent years. The UEC said 'the core principle is clear — clubs that invest in player development should be fairly rewarded when those players contribute to the success of European competitions.' It is unclear why UEFA and the influential European Club Association — which has a key say over commercial and sporting decisions in the Champions League — would agree to a proposal from a non-recognized group effectively taking money from its members. The ECA, led by Paris Saint-Germain president Nasser al-Khelaifi, has a working agreement with UEFA that recognizes the group 'as the sole body representing the interests of European clubs at European and global level.' UEFA and the ECA, both based in Nyon, Switzerland, were approached for comment. The UEC was formally launched in 2023 by officials who saw the ECA as too focused on representing a storied and wealthy group of elite clubs. Before al-Khelaifi, the ECA had been led since 2008 by Bayern Munich's Karl-Heinz Rummenigge and Andrea Agnelli from Juventus, who used the platform to launch the failed Super League project in 2021. Current UEC members include Belgian league leader Union Saint-Gilloise, which is on track to play in the Champions League for the first time, and Burnley, which returns to the English Premier League next season. Its proposal, called the Player Development Reward, was shared with European Union officials in Brussels, the UEC said in a statement. EU institutions such as the European Commission and the European Court of Justice in Luxembourg are increasingly seen as the most effective way to force change in how soccer is run by international bodies like FIFA and UEFA. The formula to calculate payments, the UEC said would be 'based on the minutes played in UEFA competitions and prize money earned by players they have trained and developed.' soccer: /hub/soccer
