Explained: Why European Super League has triggered crisis in football

European Super League is a new competition formally announced on Sunday by some of the biggest teams in Europe, which are often referred to as ‘super clubs’ because of their financial might.

There are 12 founding members: Real Madrid, Barcelona, Atletico Madrid, AC Milan, Arsenal, Chelsea, Inter, Juventus, Liverpool, Manchester City, Manchester United and Tottenham.

Three more clubs, likely from France and Germany, are to be included as the founding members.

Here's all you need to know about the European Super League and why it has triggered crisis in European football.