The concept of the European Super League has been in the works for a couple of years now and there were murmurs that it would replace the UEFA Champions League.
City, United and Liverpool all declined to comment when contacted, while Chelsea and Arsenal did not immediately respond. Bayern Munich's Karl-Heinz Rummenigge was quizzed about the proposal at the recent European Club Association (ECA) meeting and denied any knowledge of plans for the Super League.
The same report alleges that Manchester City's owners allegedly injected €2.7bn into the club over the last 7 years through its shareholders & over-valued sponsorship contracts which infringe FFP regulations.
Karl-Heinz Rummenigge suggested Bayern Munich could take legal action after a report in Der Spiegel alleged he and the club attempted to lead some of Europe's biggest clubs into a breakaway "Super League".
"We stand by our membership in the Bundesliga, and by UEFA which organizes the European competitions".
"To achieve that goal, some clubs have apparently even been willing to betray the traditional cooperation between the clubs and the national leagues, one which has provided the framework for European football for decades", Spiegel's report reads.
" 'I absolutely and clearly reject this, ' Rummenigge declared". "The vote in favour of the reform agreed between UEFA and the ECA was unanimous". But the magazine also quoted Borussia Dortmund CEO Hans-Joachim Watzke as saying the documents prove it is "clear" that discussions are ongoing.
According to Der Spiegel, a consultant has already presented the plans to Real Madrid in October, noting that 16 of Europe's biggest clubs plan to sign a letter of intent later in November expressing their desire to participate in the tournament.