With the return of the UEFA Champions League group stage last week, capturing the attention of not only European soccer fans but also the entire globe, MP & Silva co-founder and President Riccardo Silva was once again left wondering: Why aren’t we doing this in the Americas?
That question has provided the impetus for an ambitious project from the international media rights company: a new soccer club tournament that would cover all of North America, South America and the Caribbean.
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“The possibility of having U.S. teams compete against some of the best teams in Brazil and Argentina could help to raise the overall quality of football at an elevated rate,” Silva said. “The Americas also have a combined population that is 30 percent higher than that of Europe, which shows the commercial potential of this idea.”
According to Silva, a tournament of this scale could be worth more than $500 million in television and marketing rights, a number vastly larger than what is earned for the rights to tournaments hosted by CONCACAF and CONMEBOL, roughly $100 million combined.
At its most basic, the idea calls for a 64-club tournament, divided into an initial group stage followed by a knockout round, akin to the Champions League. While teams would be chosen for the tournament based upon league finishes and cup victories, the format would ensure that 16 teams from the U.S. and Canada, as well as Brazil, participated.
To best avoid conflicts with other leagues or international games, the seven- to nine-month competition would likely start in February and would feature mid-week matches.
There would be a substantial prize pool, even at the tournament’s launch. Each team would earn a minimum of $5 million in prize money just for competing, with the payout scaling as teams advanced, with $30 million going to the winner. Silva estimates $440 million would be distributed to the clubs.
However, Silva is steadfast in his belief. “If teams want to play in a competition, and broadcasters want to broadcast it, I don’t see a reason for anyone to block it. Of course, everything must be in place, and everything must work for everyone, but if you look at the opportunities this could create for all parties involved, it makes too much sense.”
While there is no set timetable for the launch of such a tournament, Silva says work already has started. MP & Silva has consulted and met with many of the largest clubs in South America and has received pledges of support, including from Corinthians and Flamengo, as well as many of the other top-tier clubs in Brazil and Uruguay. The firm also has met with South American broadcasters about the idea.
They plan on pursuing North America next, planning outreach to U.S. Soccer, MLS and Liga MX.
To that end, they have brought on former NFL Commissioner Paul Tagliabue as a senior adviser to the project.
“The concept of top North American soccer clubs competing against top South American clubs comes in the right moment for soccer’s continuing strong development in the U.S. market,” Tagliabue said. “The Americas’ international football traditions, legacies and extraordinary supporter base rank with the best in the world, but a solid league platform to globally showcase Americas’ great soccer hasn’t existed until now.”
MP & Silva has begun staffing up the project. Aside from Silva and partner Carlo Pozzali, there are a number of other key executives. Daniel Cohen, former senior vice president of Bloomberg Sports, will serve as senior vice president and managing partner of the Americas and oversee all sales, acquisition and development strategy. Andrew Nestor, owner and consigliere of Serie A club Bologna, will serve as vice president of business development. Alfonso Alanis-Cue, previously senior director of partnership marketing for MLS and SUM, will serve as vice president of business strategy and will be responsible for all strategic planning.
“When you look at the money that could be involved and what will be provided to clubs, we believe this can be a turning point for soccer across the two continents,” Silva said.
Riccardo Silva Hopes To Launch AMERICA’S CHAMPIONS LEAGUE
If teams want to play in a competition, and broadcasters want to broadcast it, I don’t see a reason for anyone to block it.Riccardo Silva
Obviously, this is not the first time that someone has this idea, this may be the first time that someone with the idea could actually make it happen. Silva doesn’t talk of a launch date or anything like that but Silva does claim that MP & Silva has consulted and met with many of the largest clubs in South America and has received pledges of support. The firm also has met with South American broadcasters about the idea.
According to him CONCACAF parties are up next, particularly MLS and Liga MX.
Silva estimates that over $40 million would be distributed to the clubs, even from the jump with something like $5 million in prize money for each of the 64 participating teams to start, with the the payout scaling up as teams advanced, with $30 million going to the winner.
* That’s a lot of paper.
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