15 clubs are reportedly in talks to launch a European Super League by the 2023-24 season, sources told ESPN.

The new league will be backed by $6 billion in funding. 

Manchester United, Liverpool, Arsenal, Chelsea and Tottenham are among Premier League clubs to sign up for the plan.

The Super League will consist of 15 permanent teams who can never get relegated, along with five rotating clubs. 

The current 15 teams feature six from the Premier League, three from La Liga and Serie A, two from the Bundesliga, and one from Ligue 1.