Business

Proposals backed by Liverpool, Manchester United and the Football League (EFL) for major changes to the structure of the Premier League were met with swift criticism from England's top flight on Sunday.

Liverpool and United are backing a plan to radically change the Premier League's structure, giving more power to the big clubs, reducing it from 20 clubs to 18 and scrapping the League Cup and Community Shield, the Telegraph reported.

Barcelona must press on with plans to renovate Camp Nou in order to replenish revenues lost because of the COVID-19 pandemic, vice-president Jordi Moix told Reuters, adding that the $957 million project will pay for itself.

The club announced a financing deal with Goldman Sachs on Monday to modernize their iconic but run down stadium and raise its capacity from 99,000 to 105,000. Should the plan be approved by club members next year, building work can begin by June 2021 and will take around five years to complete.