Arsenal, Chelsea, Liverpool, Manchester City, Manchester United and Tottenham are among 12 clubs who have agreed to join a new European Super League (ESL).
In a seismic move for European football, the Premier League clubs will join AC Milan, Atletico Madrid, Barcelona, Inter Milan, Juventus and Real Madrid.
The ESL said the founding clubs had agreed to establish a "new midweek competition" with teams continuing to "compete in their respective national leagues.
The ESL says it also plans to launch a women's competition as soon as possible after the men's tournament starts.
UK Prime Minister Boris Johnson, Uefa and the Premier League condemned the move to launch a European Super League when news of it broke on Sunday