Here's a clue as to why 12 clubs have signed up for a European Super League:

They lost a combined £1.2 billion in 2019/20 before player sales*

And that was for a season where only the last 3 months were impacted by COVID...

*Liverpool have not yet published their accounts pic.twitter.com/7o1ubiDX6z

— Swiss Ramble (@SwissRamble) April 18, 2021