Real Madrid and Barcelona have been warned by the La Liga president that they will bankrupt themselves and the Spanish top flight if they press ahead with plans for a European Super League.
Real Madrid, Barcelona and Juventus have been pushing an alternative to the revamped Champions League which launches at the start of the 2024/25 season.
The proposals threaten clubs like Celtic and Rangers and clubs outside the top five leagues over their European future in years to come.
According to a new report by KPMG for LaLiga, Spain’s domestic league would suffer a huge 50% reduction in all revenues if a 'semi-closed' elite league came to the fore.
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