1. It is a planned annual club football competition exclusively for a group of top European clubs.
2. It is meant to rival or possibly replace the UEFA Champions League.
3. 15 “founding clubs” are permanent participants in the competition for 20 years, and also serve as the governing body.
4. A total of 20 clubs are expected to participate in the competition.
5. The solidarity payments are expected to be “in excess of €10 billion during the course of the initial commitment period of the clubs”.
6. The founding clubs will receive €3.5 billion to support infrastructure investment plans and to offset the impact of the COVID-19 pandemic.
7. Participating clubs will continue with midweek fixtures with their respective national leagues.
8. It will preserve the traditional domestic match calendar
9. Clubs to participate in two groups made up of ten clubs, playing home and away fixtures, with the top three in each group automatically qualifying for the quarter finals.
10. Teams finishing fourth and fifth will compete in a two-legged play-off for the remaining quarter-final positions.
11. Players who participate will not be allowed to play Euro and world cup.
12. JPMorgan Chase is the major sponsor of the league.