UEFA does not want an alternative for the Champions League
The European Football Union (UEFA) has categorically opposed the idea of creating a new football Euroleague, which was proposed to be organized by the strongest clubs in Holland, Belgium, Denmark, Portugal, Scotland and Sweden. The problem for teams from these countries is that most of the revenue from the existing Champions League goes to clubs in Europe's five biggest powers - England, Germany, Spain, Italy and France. This, naturally, does not suit others.