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Brazil clubs in talks to form a breakaway league

One proposal pitched to club teams would have private equity investors purchased 20% of the breakaway league for as much as $1 billion — implying a $5 billion valuation.

Currently, the Brazilian Serie A is controlled by the Brazilian Football Confederation (CBF), making the country one of the few major soccer nations where the national federation oversees the domestic league structure.

The clubs want to break away from the CBF structures and establish a new league governing body to run the competition, ensuring a greater say in how the game in Brazil is run.

One proposal pitched to club teams would have private equity investors purchased 20% of the breakaway league for as much as $1 billion — implying a $5 billion valuation. Clubs have grown frustrated with the Brazilian Football Confederation (CBF). Their complaints include games scheduled during major tournaments, like the Copa América, which deprive club teams of their top players. Globo pays CBF $2.5 million per game to show Brazilian National football team matches through 2022.

The CBF has often been accused of prioritizing the national team over the league down the years. The organization has also faced further pressure recently after the Copa America national team competition was moved to Brazil just 13 days before the tournament’s start date, despite the country having the highest Covid-19 death toll outside of the United States.

Brazilian superstar Neymar signed a contract extension in May with Paris Saint-Germain through 2025 for a reported $36.5 million per season. Liverpool’s Alisson Becker, also from Brazil, is in the midst of a contract that pays him $10.8 million per season through 2024.  The production line of talent in Brazil has never stopped but neither does the door shepherding that quality to new pastures. Brazilian fans only saw glimpses of some of the greatest talent of their generation like Neymar, Vinicius Junior, Arthur Melo, and Rodrygo before they made their big moves to Europe.

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