At the heart of the latest talks is the role of a joint company set up between UEFA, European soccer's governing body, and the clubs to deal with the commercial, broadcasting and marketing rights to the competition.
But the European Clubs Association , which represents 246 European clubs and is led by Juventus president Andrea Agnelli, now say they want to address the governance structure for the competition before signing off on the deal. UCC is a subsidiary company of UEFA where half the members of the board are appointed by the governing body and the other half by the ECA.
On Tuesday evening, the ECA's executive said that it was not ready to endorse UEFA's plans"in isolation". Earlier this month, Manchester United executive vice-chairman Ed Woodward, a leading figure in the ECA who also sits on UEFA's Club Competitions Committee and is a member of the board of administration of the joint company UCC, told his club's investors that change was coming.