Premier League sides Manchester United, Liverpool, Arsenal, Chelsea and Tottenham are among 11 clubs believed to have signed up to the plan, with Manchester City also on the verge of doing so.
Real Madrid, Barcelona and Atletico Madrid from Spain and Serie A’S Juventus, AC Milan and Inter Milan are also thought to be on board but last year’s Champions League finalists Bayern Munich and Paris Saint-Germain have so far declined.
Reports in January suggested 20 clubs – 15 permanent founding members and five other clubs, who would qualify on an annual basis – would be offered over €300 million each per year to join the competition.
The format would see two groups of 10 clubs who play home and away, with the top four from each group going through to two-legged quarter-finals, semi-finals and a one-legged final.
Matches would be midweek and clubs would still play in domestic leagues and have rights to show four matches a season on their own digital platforms across the world.
Further announcements to come tonight.
HOW THE SOCCER WORLD REACTED