In April 2021, the Soccer world was thrown into a turmoil as 12 of the biggest clubs in Europe came together to create the European Super League (ESL) in order to rival the UEFA Champions league (UCL) and their own national leagues. This decision resulted in several protests across Europe and resulted in 10 teams withdrawing from the league, with only Real Madrid and Barcelona as official members and Juventus still supporting with legal actions for the creation of the ESL. The ESL predicted revenues of over 4 billion dollars, nearly double of the revenue the UCL (2.4B) generates with 32 teams playing at the group stage. List of Clubs originally in the ESL 1. Arsenal (England / Premier League) 2. Chelsea (England / Premier League) 3. Liverpool (England / Premier League) 4. Manchester City (England / Premier League) 5. Manchester United (England / Premier League) 6. Tottenham (England / Premier League) 7. Ac Milan (Italy / Serie A) 8. Inter Milan (Italy / Serie A) 9. Juventus (Italy / Serie A) 10. Atletico Madrid (Spain / La Liga) 11. Barcelona (Spain / La Liga) 12. Real Madrid (Spain / La Liga) a. Why is it interesting for these teams to create a closed league system similar to the ones in North America both financially and competitively? What are their incentives? (3 arguments: 1 from fan perspective; 1 from owners perspective; 1 from the league overall) b. If the ESL indeed comes into fruition (unlikely, but still possible) what would be potential problems faced by the league and teams? (3 arguments: 1 from fan perspective; 1 from owners perspective; 1 from the league overall).