There is a possibility of another El Clasico clashes outside the Spanish La Liga as Barcelona and Real Madrid will be among the 12 European representatives to contest the new Super Club World Cup by Federation Internationale de Football Association.
As a result, the competition is expected to take away the existing tournaments: the Club World Cup and the Confederations Cup.
The European participants could make between $50 million and $80 million each but while some of the clubs have given the project their blessing, including Real, the same cannot be said of Europe's governing bodies.
Barcelona's board of directors said the tournament would be "exciting, dynamic, inclusive and prestigious".
Barcelona says FIFA's plans would also "create a global platform for clubs to contribute to the growth of their brands".
It's claimed that Federation Internationale de Football Association president Gianni Infantino is aiming to secure an agreement for the new competition before this summer's World Cup begins next month.
The current FIFA Club World Cup is the only trophy in Liverpool's history they haven't won; losing in the final in 2005.
It's reported that UEFA and the Premier League are unhappy with the proposal and will oppose the new competition.
"To be presented with FIFA's "solution" as a fait accompli and claim this to be consultation defies all definitions of best practice and good governance", Scudamore told The Times in London.