The two teams were part of a club of 12 European clubs that banded together to form a breakaway midweek competition, governed by the founding members, to rival the UEFA Champions League.
One of the City’s most powerful and successful investors, Nick Train, was today bracing for financial damage to his funds from the European Super League fiasco. Train’s investment fund Lindsell Train is the biggest independent investor in both Manchester United and Juventus, which were both major cheerleaders for the breakaway tournament which now lies in tatters. Lindsell has a 27% stake in United’s New York-listed shares with other big City investors including Jupiter Fund Management, Janus Henderson and Invesco.
Follow all the latest developments as the Premier League’s ‘Big Six’ confirm their departure from the breakaway competition