UEFA are reportedly preparing a £6bn response to the European Super League proposals, which includes restructuring the current Champions League model.
On Sunday evening, 12 of Europe's elite clubs – AC Milan, Arsenal, Atletico Madrid, Barcelona, Chelsea, Inter Milan, Juventus, Liverpool, Manchester City, Manchester United, Real Madrid and Tottenham Hotspur – announced that they signed up to join a new breakaway competitions to rival the Champions League.
Since then, Man City became the first club to announce that they have withdrawn from the competition, while the other five Premier League clubs have also filed documents that will see them follow suit.
According to Bloomberg via RMC Sport, UEFA are now looking to overhaul the current Champions League model, which would see them provide up to £6bn in funding, a much larger income for clubs that would be competing in the competition.
A British investment fund are understood to be in talks about working with UEFA to help fund the new version of Europe's most prestigious competition.
UEFA have already announced that they approve the Champions League reform which will take place from 2024, which will see the number of teams competing in the tournament increase from 32 to 36.