UEFA announce plans to introduce new European competition 

UEFA have confirmed plans to introduce a third European club competition that will take place alongside the Champions League and Europa League.

Final approval from the executive committee is all that's needed for the new format to be rolled out for the 2021/22 season.

As it stands, 32 teams compete in the Champions League and 48 teams compete in the Europa League.

But a third competition will see the Europa League reduced to 32 teams, making all three tournaments even. The Champions League format isn't expected to change.

It means smaller clubs from smaller nations will have the chance to compete in Europe, although there's undoubtedly a financial aspect behind the proposals.

Speaking at the European Club Association's biannual general meeting, Juventus chairman Andrea Agnelli discussed the idea of a third European competition.

"These new regulations will be even more effective than the ones we had in place which delivered astonishing results, which have just been announced by UEFA," he said.

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