The proposed £900m Atlantic League project which would see Rangers join a 20-team set-up alongside teams from across the region have been scuppered after Celtic pulled the plug.
According to the Times, the plans – which would’ve seen the likes of Rangers, Celtic, Aberdeen and Hibs join a breakaway league with teams with Sweden, Denmark, Norway and the Republic of Ireland – have been hit a major blow by the news.
That report claims that Celtic’s billionaire owner Dermot Desmond would rather focus on the status quo or forming a British league instead of pursuing the plans.
The 20 clubs reportedly involved in the proposal are Rangers, Celtic, Aberdeen, Hibernian and Hearts (Scotland), Malmo, Norrkoping, AIK Stockholm, IFK Gothenburg and Hammarby (Sweden), FC Copenhagen, Brondby, Esbjerg, Aarhus and Midtjylland (Denmark), Rosenborg, Viking Stavanger, Valarenga and Molde (Norway) and one club from the Republic of Ireland.
The concept of an Atlantic League was first mooted in the year 2000 but was redrawn in 2016 by Andre Doyle, the co-owner of League of Ireland club Shelbourne.
According to those plans, there would be a guaranteed £900m of media rights to share out proportionally between the 20 clubs over the league’s first six years.
But with Celtic a major player in the formation of the league, this has obviously been dealt a blow by the news they have pulled out of the reckoning.
This news also comes after reports of a £4.6bn JP Morgan funded European Super League which would essentially spell the end for the UEFA Champions League as we know it.
Europe’s top clubs are reportedly locked in talks to join the controversial super league with Manchester United and Liverpool reportedly leading the charge [Sky Sports].