Much has been mentioned about the possibility of a European League being formed, it’s inevitable at some point in the not too distant future. The rich clubs continue to get richer, thereby creating a huge disparity in all European domestic leagues.

However, how would this league be run, which teams would participate? For the purpose of discussion, let’s say it’s a 20 team league consisting of the following teams:

Arsenal, Man Utd, Man City, Spurs, Liverpool, Chelsea, Barcelona, Real Madrid, Athletico Madrid, Sevilla, Bayern Munich, Borussia Dortmund, Juventus, Napoli, Inter Milan, AC Milan, Paris Saint-Germain, Benfica, FC Porto, Zenit St Petersburg,

Would this league be run as a franchise, closed shop type operation with no promotion/relegation, much like North American leagues such as NFL, NBA, MLB, NHL?

Obviously the lion’s share of TV money would be distributed between the above mentioned ‘haves’, where does that leave the ‘have not’ clubs?

Discuss.