Billionaire Owners Are Brawling Over Soccer’s New Super League (2)

A group of major soccer clubs shocked the world with plans for a breakaway league that could herald the sport’s biggest shakeup in decades and make elite teams even wealthier.

Members of the ultra-rich behind franchises backing the so-called Super League stand to benefit if the plan comes to fruition. Teams including Arsenal and Manchester United would have permanent membership in the new system, removing uncertainty over the European Champions League — for which teams must qualify annually or risk losing broadcasting and sponsorship revenue.

The clubs would share an upfront payment of 3.5 billion euros ($4.2 billion), financed by JPMorgan Chase ...