Explained: Why Barcelona and Real Madrid could receive a staggering €1 billion bonus over European Super League plans - with Premier League clubs risking a hefty fine

The European Court of Justice, on Thursday, ruled against UEFA and FIFA, stating that their opposition to the proposed European Super League breached EU law. The landmark decision is being considered as a huge boost to the Super League which was initially proposed by the top European clubs like Real Madrid, Barcelona and the Premier League giants.

While the two La Liga clubs remained firm on their decision to compete in the breakaway tournament, the Premier League clubs withdrew after facing massive backlash from their fans.

As Los Blancos and the Blaugrana remain firm in their decision to take part in the Super League as and when it commences, they could be rewarded monetarily for their loyalty as the two clubs are set to receive a sum of €1billion (£870m), according to Sport.

The report also claims that the Premier League giants who have withdrawn from the competition could be fined a sum of €300m (£260m).

After the court's judgment came out, A22, the corporate body, that is backing the Super League project, came up with a new format for the competition for both men's and women's football.

A total of 64 teams will be divided into three different leagues - Star, Gold and Blue - with the top teams competing in the Star league while the weakest competitors will take part in Blue.

UEFA has already made it clear that the court's ruling is not an "endorsement" in favour of the Super League and insisted on its resoluteness to "uphold the European football pyramid."

Almost all major European clubs have decided against participating in the new competition and it remains to be seen if the new league ever sees the day of light.