Revolt against European soccer super league – With insights from The Wall Street Journal

Sometimes capitalists get it badly wrong. And from everything we can see thus far, the decision by England's biggest football clubs to join a European Football league with Spanish and Italian counterparts is one of these sometimes. It's interesting that German clubs, which by law are 51% supporter-owned, have not joined in. Neither are there any French, Portuguese or other European clubs in the mix. UK fans have pointed to the fact that all but one of their six involved clubs are owned by foreigners. English soccer fans from the prime minister to the future king, and league officials believe the threatened action by the clubs will irreparably damage the world's premier domestic soccer competition which of late has become increasingly competitive. Critics also point to the timing of the proposed football monopoly coinciding with three of the six English clubs no longer automatic candidates for the existing and lucrative European Champion's League. Here's the latest from our partners at The Wall Street Journal. – Alec Hogg

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