Liverpool have confirmed they have signed up for a controversial proposed new European Super League that could have huge ramifications for the future of the club.

The Reds are one of six Premier League clubs named among the 12 founding clubs of the competition, which was confirmed in a statement on Sunday evening.

The Premier League champions said: “Liverpool Football Club can confirm that we have joined Europe's leading clubs in agreeing to form a new competition, the European Super League.

“We are committed to working with all stakeholders, particularly supporters, as plans for the competition develop.”

UEFA are due on Monday to confirm a Champions League revamp which would see the competition increased from 32 to 36 clubs with teams playing 10 games in the group stages.

However the European governing body are now expected to hold crisis talks with the 12 clubs – which are expected to become 15 – eager to press ahead with their separate plans.

UEFA joined forces with the Premier League and other leading European leagues to issue a statement strongly condemning the proposed Super League, news of which began to emerge earlier on Sunday.

Liverpool’s involvement in the new competition has been met with disapproval from fan groups, with many supporters have expressed their outrage on social media.

Liverpool, who have won the European Cup times and the UEFA Cup - the forerunner to the Europa League - on three occasions, could now face being banned from UEFA competition, with the governing body stating: "Every club and player participating in the Super League could be banned from all UEFA and FIFA competitions, European or International level."

Shortly after the announcement, FIFA released a statement expressed its "disapproval" at the European Super League.

"FIFA wishes to clarify that it stands firm in favour of solidarity in football and an equitable redistribution model which can help develop football as a sport, particularly at global level, since the development of global football is the primary mission of FIFA.

"In our view, and in accordance with our statutes, any football competition, whether national, regional or global, should always reflect the core principles of solidarity, inclusivity, integrity and equitable financial redistribution.

"Moreover, the governing bodies of football should employ all lawful, sporting and diplomatic means to ensure this remains the case.

"Against this background, FIFA can only express its disapproval to a "closed European breakaway league" outside of the international football structures and not respecting the aforementioned principles.

"FIFA always stands for unity in world football and calls on all parties involved in heated discussions to engage in calm, constructive and balanced dialogue for the good of the game and in the spirit of solidarity and fair play. FIFA will, of course, do whatever is necessary to contribute to a harmonised way forward in the overall interests of football."

European Super League statement in full:

This was posted on Liverpool's official website this evening...

"Twelve of Europe’s leading football clubs have today come together to announce they have agreed to establish a new mid-week competition, the Super League, governed by its Founding Clubs.

"AC Milan, Arsenal FC, Atlético de Madrid, Chelsea FC, FC Barcelona, FC Internazionale Milano, Juventus FC, Liverpool FC, Manchester City, Manchester United, Real Madrid CF and Tottenham Hotspur have all joined as Founding Clubs. It is anticipated that a further three clubs will join ahead of the inaugural season, which is intended to commence as soon as practicable.

"Going forward, the Founding Clubs look forward to holding discussions with UEFA and FIFA to work together in partnership to deliver the best outcomes for the new League and for football as a whole.

"The formation of the Super League comes at a time when the global pandemic has accelerated the instability in the existing European football economic model. Further, for a number of years, the Founding Clubs have had the objective of improving the quality and intensity of existing European competitions throughout each season, and of creating a format for top clubs and players to compete on a regular basis.

"The pandemic has shown that a strategic vision and a sustainable commercial approach are required to enhance value and support for the benefit of the entire European football pyramid. In recent months extensive dialogue has taken place with football stakeholders regarding the future format of European competitions. The Founding Clubs believe the solutions proposed following these talks do not solve fundamental issues, including the need to provide higher-quality matches and additional financial resources for the overall football pyramid."

Proposed competition format:

The ESL statement continued: "As soon as practicable after the start of the men’s competition, a corresponding women’s league will also be launched, helping to advance and develop the women’s game.

"The new annual tournament will provide significantly greater economic growth and support for European football via a long-term commitment to uncapped solidarity payments which will grow in line with league revenues. These solidarity payments will be substantially higher than those generated by the current European competition and are expected to be in excess of €10 billion during the course of the initial commitment period of the Clubs.

"In addition, the competition will be built on a sustainable financial foundation with all Founding Clubs signing up to a spending framework. In exchange for their commitment, Founding Clubs will receive an amount of €3.5 billion solely to support their infrastructure investment plans and to offset the impact of the COVID pandemic."

Quotes from new ESL figures

Florentino Pérez, Real Madrid president and the first Chairman of the Super League said: “We will help football at every level and take it to its rightful place in the world. Football is the only global sport in the world with more than four billion fans and our responsibility as big clubs is to respond to their desires.”

Backing the new European league, Andrea Agnelli, Chairman of Juventus and Vice-Chairman of the Super League said: “Our 12 Founder clubs represent billions of fans across the globe and 99 European trophies. We have come together at this critical moment, enabling European competition to be transformed, putting the game we love on a sustainable footing for the long-term future, substantially increasing solidarity, and giving fans and amateur players a regular flow of headline fixtures that will feed their passion for the game while providing them with engaging role models.”

While Joel Glazer, Co-Chairman of Manchester United and Vice-Chairman of the Super League said: “By bringing together the world’s greatest clubs and players to play each other throughout the season, the Super League will open a new chapter for European football, ensuring world-class competition and facilities, and increased financial support for the wider football pyramid.”

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Speaking back in 2019 when similar speculation was doing the rounds over a Super League, Reds boss Jurgen Klopp was against the idea.

He told Kicker : "I hope this Super League will never happen.

"With the way the Champions League is now running, football has a great product, even with the Europa League. For me, the Champions League is the Super League, in which you do not always end up playing against the same teams.

"Of course, it is [financially] important, but why should we create a system where Liverpool faces Real Madrid for 10 straight years? Who wants to see that every year?”